The housing market in Oelwein, IA appears to be doing well compared to the national average. The median home value in Oelwein is $84,900 which is significantly lower than the national median value of $338,100. However, this lower cost means that homeowners in Oelwein are able to benefit from higher appreciation rates. Over the past year, the US house appreciation rate was 8.27%, while the appreciation rate for homes in Oelwein was 11.21%. This suggests that homes in Oelwein have been increasing in value faster than the national average which could provide homeowners with a great opportunity for investment.
The median home cost in Oelwein is $84,900. Home appreciation the last 10 years has been 51.2%. Home Appreciation in Oelwein is up 13.3%.
Average Age of Homes
- The median age of Oelwein real estate is 75 years old
The Rental Market in Oelwein
- Renters make up 27.9% of the Oelwein population
- 2.8% of houses and apartments in Oelwein, 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.