The housing market in Red Oak, IA is booming. The median home value in the city is currently $89,700, which is significantly lower than the US median value of $338,100. However, over the past year, Red Oak has seen an impressive 15.23% increase in housing appreciation compared to the 8.27% national average. This demonstrates the strength of the local real estate market and indicates a healthy economy.
The median home cost in Red Oak is $89,700. Home appreciation the last 10 years has been 69.7%. Home Appreciation in Red Oak is up 15.4%.
Average Age of Homes
- The median age of Red Oak real estate is 58 years old
The Rental Market in Red Oak
- Renters make up 30.9% of the Red Oak population
- 2.3% of houses and apartments in Red Oak, 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.