The housing market in Fayette, IA is thriving. The median value of homes in the area is $144,800, which is significantly lower than the national median value of $338,100. Over the past year, the appreciation rate for homes in Fayette has been 11.61%, a higher rate than that of the nation's 8.27%. These figures show that housing in Fayette is highly desirable and growing steadily. This makes it an attractive place to live with many people investing in real estate.
The median home cost in Fayette is $144,800. Home appreciation the last 10 years has been 63.9%. Home Appreciation in Fayette is up 15.1%.
Average Age of Homes
- The median age of Fayette real estate is 65 years old
The Rental Market in Fayette
- Renters make up 35.0% of the Fayette population
- 3.6% of houses and apartments in Fayette, 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.