Miles, IA is a small town with very affordable housing prices. The median value of homes in Miles, IA is currently $108,000, which is significantly lower than the US median house value of $338,100. Despite the lower cost of living in Miles, IA compared to other parts of the country, its housing market has appreciated by 11.30% over the last year; higher than the US 1 year house appreciation rate of 8.27%. This shows that Miles is a great place to invest in property and could provide residents with a good return on their investment in the future.
The median home cost in Miles is $108,000. Home appreciation the last 10 years has been 55.3%. Home Appreciation in Miles is up 13.6%.
Average Age of Homes
- The median age of Miles real estate is 65 years old
The Rental Market in Miles
- Renters make up 22.1% of the Miles population
- 0.5% of houses and apartments in Miles, 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.