The housing market in Denver, IA is strong, with the median value of homes significantly lower than the national average. The US House Median Value is $338,100, while the median value of homes in Denver is only $261,000. This difference in median value makes it an attractive place to purchase a home for people looking for affordability. Furthermore, the house appreciation rate in Denver over the past year has been 11.21%, higher than the US 1 year House Appreciation of 8.27%. This indicates that homes are increasing in value at a faster rate than other areas across the country, making it an even more desirable destination for potential homeowners.
The median home cost in Denver is $261,000. Home appreciation the last 10 years has been 51.2%. Home Appreciation in Denver is up 13.3%.
Average Age of Homes
- The median age of Denver real estate is 46 years old
The Rental Market in Denver
- Renters make up 21.4% of the Denver population
- 6.0% of houses and apartments in Denver, 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.