Prairie City, IA is a great place to buy a home. The median housing value in the city is $218,200, which is lower than the US median house value of $338,100. In addition, the 1 year appreciation rate of homes in Prairie City is 13.50%, much higher than the national average of 8.27%. This means that if you purchase a home in Prairie City now, it will likely have increased in market value after one year.
The median home cost in Prairie City is $218,200. Home appreciation the last 10 years has been 68.7%. Home Appreciation in Prairie City is up 15.8%.
Average Age of Homes
- The median age of Prairie City real estate is 54 years old
The Rental Market in Prairie City
- Renters make up 19.5% of the Prairie City population
- 2.1% of houses and apartments in Prairie 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.