The housing market in Algona, IA is thriving. The median value for a home in the area is $158,800, which is significantly lower than the US House median value of $338,100. Additionally, house appreciation over the last year in Algona has been 9.93%, beating the US appreciation rate of 8.27%. This makes Algona a great place to invest in or buy a home right now.
The median home cost in Algona is $158,800. Home appreciation the last 10 years has been 64.5%. Home Appreciation in Algona is up 14.4%.
Average Age of Homes
- The median age of Algona real estate is 52 years old
The Rental Market in Algona
- Renters make up 19.8% of the Algona population
- 2.7% of houses and apartments in Algona, 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.