The housing market in Ottumwa, IA is thriving with a median value of $97,700. This is significantly lower than the US median house value which stands at $338,100. The one year US house appreciation rate stands at 8.27%, while that of Ottumwa is 11.61%. This indicates that the city's housing market has seen an increase in appreciation greater than the national average over the past year, making it an attractive investment opportunity for potential buyers.
The median home cost in Ottumwa is $97,700. Home appreciation the last 10 years has been 63.9%. Home Appreciation in Ottumwa is up 15.1%.
Average Age of Homes
- The median age of Ottumwa real estate is 66 years old
The Rental Market in Ottumwa
- Renters make up 29.1% of the Ottumwa population
- 4.1% of houses and apartments in Ottumwa, 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.