The housing in Westphalia, IA is quite affordable compared to the US median value. The median value for a house in Westphalia, IA is $101,300 while the US median value is $338,100. Additionally, the 1 year house appreciation rate in Westphalia stands at 15.23%, which is substantially higher than the US estimate of 8.27%. Therefore, it would make sense to invest in housing here as it is likely to appreciate quickly and provide a good return on investment.
The median home cost in Westphalia is $101,300. Home appreciation the last 10 years has been 69.7%. Home Appreciation in Westphalia is up 15.4%.
Average Age of Homes
- The median age of Westphalia real estate is 54 years old
The Rental Market in Westphalia
- Renters make up 26.7% of the Westphalia population
- 0.0% of houses and apartments in Westphalia, 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.