The housing market in Lovilia, IA is quite affordable compared to the US median values. The housing median value in Lovilia is $121,900, which is much lower than the national median value of $338,100. In addition, home appreciation in Lovilia has been outpacing the national rate. The one-year house appreciation rate in Lovilia was 10.80%, while the US rate was 8.27%. This indicates that home values in Lovilia are increasing faster than the national average and could be a good investment for potential buyers looking for an affordable option.
The median home cost in Lovilia is $121,900. Home appreciation the last 10 years has been 65.5%. Home Appreciation in Lovilia is up 16.4%.
Average Age of Homes
- The median age of Lovilia real estate is 49 years old
The Rental Market in Lovilia
- Renters make up 21.7% of the Lovilia population
- 0.0% of houses and apartments in Lovilia, 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.