New Market, IA is a great place to live due to its affordable housing. The median value of houses in New Market is $105,800, significantly lower than the US median of $338,100. In addition, the 1 year house appreciation in New Market is 11.61%, higher than the national average of 8.27%. This indicates that not only are houses in New Market relatively cheaper compared to other places, but their prices are also rising faster than in other parts of the country. For these reasons, living in New Market can be a great opportunity for those looking for an affordable home with a good potential for rising values.
The median home cost in New Market is $105,800. Home appreciation the last 10 years has been 63.9%. Home Appreciation in New Market is up 15.1%.
Average Age of Homes
- The median age of New Market real estate is 78 years old
The Rental Market in New Market
- Renters make up 20.9% of the New Market population
- 0.0% of houses and apartments in New Market, 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.