The housing market in Letts, IA is doing very well compared to the US average. The median value of a house in Letts currently stands at $113,300, which is significantly lower than the US median of $338,100. Over the past year, house appreciation in Letts has been 11.21%, much higher than the national average of 8.27%. This indicates that people are investing in property in Letts and that the housing market is stable and growing.
The median home cost in Letts is $113,300. Home appreciation the last 10 years has been 54.0%. Home Appreciation in Letts is up 12.8%.
Average Age of Homes
- The median age of Letts real estate is 78 years old
The Rental Market in Letts
- Renters make up 8.8% of the Letts population
- 0.0% of houses and apartments in Letts, 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.