The housing market in Stanhope, IA is thriving. The median value of homes in the area is much lower than the national average at $146,400, yet its one year house appreciation rate is significantly higher at 13.50%, compared to the US rate of 8.27%. This demonstrates that Stanhope's housing market is seeing an increase in demand from potential buyers and investors alike. It also shows that, despite its lower median value, Stanhope has become a desirable place to purchase property due to its strong real estate appreciation rates over the past year.
The median home cost in Stanhope is $146,400. Home appreciation the last 10 years has been 68.7%. Home Appreciation in Stanhope is up 15.8%.
Average Age of Homes
- The median age of Stanhope real estate is 61 years old
The Rental Market in Stanhope
- Renters make up 20.8% of the Stanhope population
- 1.8% of houses and apartments in Stanhope, 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.