The housing market in 50228 Prairie City, IA is performing very well. According to the latest report, the median value of homes in this area is $214,800, which is significantly lower than the US house median value of $338,100. However, the one-year house appreciation rate is 13.50%, which is significantly higher than the nation-wide appreciation rate of 8.27%. This means that property values have been increasing rapidly in this area and it shows a great potential for investors looking to purchase real estate in this community.
The median home cost in Prairie City (zip 50228) is $214,800. Home appreciation the last 10 years has been 68.7%. Home Appreciation in Prairie City (zip 50228) is up 15.8%.
Average Age of Homes
- The median age of Prairie City (zip 50228) real estate is 53 years old
The Rental Market in Prairie City (zip 50228)
- Renters make up 13.5% of the Prairie City (zip 50228) population
- 1.5% of houses and apartments in Prairie City (zip 50228), 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.