The housing market in Rock Rapids, IA is a great place to invest in. The median value of houses is currently $169,500 which is significantly lower than the US House Median Value of $338,100. In addition, the 1 year house appreciation rate for this area has been 11.61%, higher than the national average of 8.27%. This means that there could be potential for growth and profit if someone were to invest in this area. With such an advantageous housing market, Rock Rapids, IA offers great opportunities for potential buyers.
The median home cost in Rock Rapids is $169,500. Home appreciation the last 10 years has been 63.9%. Home Appreciation in Rock Rapids is up 15.1%.
Average Age of Homes
- The median age of Rock Rapids real estate is 54 years old
The Rental Market in Rock Rapids
- Renters make up 22.5% of the Rock Rapids population
- 8.9% of houses and apartments in Rock Rapids, 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.