The housing market in Rake, IA is performing quite well when compared to the national average. The median housing value in Rake, IA is currently $66,800 and the US median house value is $338,100. Additionally, the 1 year house appreciation in Rake, IA is 11.88% compared to 8.27% nationally, suggesting that the real estate market in Rake has experienced a healthy growth rate over the last year. This makes Rake an attractive location for potential buyers looking for reasonably priced homes with good appreciation prospects.
The median home cost in Rake is $66,800. Home appreciation the last 10 years has been 64.8%. Home Appreciation in Rake is up 15.9%.
Average Age of Homes
- The median age of Rake real estate is 70 years old
The Rental Market in Rake
- Renters make up 22.2% of the Rake population
- 0.0% of houses and apartments in Rake, 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.