West Point, IA is an attractive location for those looking to buy a home due to its relatively low median housing value of $155,400. This figure is less than half the median value of the US housing market as a whole which stands at $338,100. In addition, the rate of appreciation of West Point’s homes has outpaced the national average over the last year with an impressive 11.61% rise in value as compared to the 8.27% rise seen across the country. Therefore, not only is West Point’s housing more affordable but it is also increasing in value at a faster rate than homes elsewhere.
The median home cost in West Point is $155,400. Home appreciation the last 10 years has been 63.9%. Home Appreciation in West Point is up 15.1%.
Average Age of Homes
- The median age of West Point real estate is 50 years old
The Rental Market in West Point
- Renters make up 17.5% of the West Point population
- 2.3% of houses and apartments in West Point, 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.