The housing market in Durant, IA is doing very well compared to the national average. The median value of a house in Durant is $219,600, which is significantly lower than the US median value of $338,100. The US has experienced an 8.27% appreciation rate for their houses over the past year, but Durant has seen an even higher appreciation rate of 11.21%. This suggests that home values in Durant are increasing at a faster rate than those of the rest of the country and could be a great investment opportunity for potential homebuyers.
The median home cost in Durant is $219,600. Home appreciation the last 10 years has been 54.0%. Home Appreciation in Durant is up 12.8%.
Average Age of Homes
- The median age of Durant real estate is 57 years old
The Rental Market in Durant
- Renters make up 22.8% of the Durant population
- 4.5% of houses and apartments in Durant, 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.