The housing market in Nichols, IA is flourishing. According to data collected, the median housing value in Nichols is $167,600, which is significantly lower than the US median of $338,100. Interestingly, the 1 year house appreciation in Nichols is 11.21%, which is higher than the national rate of 8.27%. This suggests that the housing market in Nichols has been particularly resilient and robust even during these uncertain economic times. The current evidence indicates that investing in property in this city could be a wise decision for potential buyers.
The median home cost in Nichols is $167,600. Home appreciation the last 10 years has been 54.0%. Home Appreciation in Nichols is up 12.8%.
Average Age of Homes
- The median age of Nichols real estate is 78 years old
The Rental Market in Nichols
- Renters make up 15.7% of the Nichols population
- 1.5% of houses and apartments in Nichols, 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.