Lorimor, Iowa is a great place to buy a home. The median value of homes in Lorimor is $145,400, which is substantially lower than the US house median value of $338,100. This affordable housing market is supplemented by an impressive 1 year house appreciation rate of 10.80%, higher than the US 1 year house appreciation rate of 8.27%. These factors make it an attractive option for individuals and families looking to purchase property in the area.
The median home cost in Lorimor is $145,400. Home appreciation the last 10 years has been 65.5%. Home Appreciation in Lorimor is up 16.4%.
Average Age of Homes
- The median age of Lorimor real estate is 78 years old
The Rental Market in Lorimor
- Renters make up 24.6% of the Lorimor population
- 8.8% of houses and apartments in Lorimor, 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.