Iowa City, IA is an excellent place to invest in the housing market. With a median value of $265,800, it is slightly lower than the US median value of $338,100 but still offers significant potential for appreciation over time. The 1 year house appreciation rate in Iowa City is 8.03%, which is only slightly lower than the US average of 8.27%. This makes Iowa City a great option for those looking to invest in the real estate market and benefit from potential appreciation without taking on too much risk.
The median home cost in Iowa City is $265,800. Home appreciation the last 10 years has been 53.6%. Home Appreciation in Iowa City is up 14.4%.
Average Age of Homes
- The median age of Iowa City real estate is 38 years old
The Rental Market in Iowa City
- Renters make up 49.9% of the Iowa City population
- 2.6% of houses and apartments in Iowa City, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.