The housing market in Menlo, IA is thriving. The median value for homes in Menlo is $158,700 - which is significantly lower than the US house median of $338,100. However, over the last year the appreciation rate for home values has been impressive at 10.80%, far greater than the US average of 8.27%. This shows that there is strong demand for housing in Menlo and indicates a healthy and vibrant housing market.
The median home cost in Menlo is $158,700. Home appreciation the last 10 years has been 65.5%. Home Appreciation in Menlo is up 16.4%.
Average Age of Homes
- The median age of Menlo real estate is 78 years old
The Rental Market in Menlo
- Renters make up 9.8% of the Menlo population
- 1.7% of houses and apartments in Menlo, 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.