The housing market in Newell, IA has been steadily increasing in value over the past year. The median housing value is currently $137,400, which is significantly less than the US housing median value of $338,100. However, this lower price point has not hindered the growth of Newell’s housing market; it has experienced a 9.93% one-year appreciation rate, which is higher than the national one-year appreciation rate of 8.27%. This strong performance indicates that Newell remains an attractive option for those looking to invest in housing or relocate to the area.
The median home cost in Newell is $137,400. Home appreciation the last 10 years has been 64.5%. Home Appreciation in Newell is up 14.4%.
Average Age of Homes
- The median age of Newell real estate is 56 years old
The Rental Market in Newell
- Renters make up 21.1% of the Newell population
- 0.0% of houses and apartments in Newell, 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.