The housing market in Spirit Lake, IA is thriving. According to the most recent data, the median value of a house in Spirit Lake is $275,900, significantly lower than the national median of $338,100. On top of that, the one-year increase in home value in Spirit Lake is 11.61%, compared to just 8.27% nationally. This demonstrates that housing prices are increasing faster than average in Spirit Lake and shows there is a strong market for real estate investment in this community.
The median home cost in Spirit Lake is $275,900. Home appreciation the last 10 years has been 63.9%. Home Appreciation in Spirit Lake is up 15.1%.
Average Age of Homes
- The median age of Spirit Lake real estate is 45 years old
The Rental Market in Spirit Lake
- Renters make up 30.5% of the Spirit Lake population
- 0.0% of houses and apartments in Spirit Lake, 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.