The housing market in Boone, IA is booming. The median value of houses in the city is $154,400, which stands in stark contrast to the US House Median Value of $338,100. Furthermore, the US 1 year house appreciation rate is 8.27%, while the 1 year appreciation rate for houses in Boone, IA is 12.55%. This indicates that the housing market in Boone is growing faster than that of the rest of the country and may be a great investment opportunity for those looking to purchase a home.
The median home cost in Boone is $154,400. Home appreciation the last 10 years has been 63.1%. Home Appreciation in Boone is up 11.4%.
Average Age of Homes
- The median age of Boone real estate is 62 years old
The Rental Market in Boone
- Renters make up 27.1% of the Boone population
- 2.3% of houses and apartments in Boone, 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.