Springbrook, IA is an area that has seen a great deal of growth in its housing market. The median value of houses in the area is $131,500, which is significantly lower than the US median value of $338,100. This affordability has resulted in an increase in demand for homes, causing house prices to appreciate by 11.30% over the past year. This rate is higher than the national average of 8.27%, suggesting that Springbrook's housing market may be overheating. Despite this appreciation, Springbrook remains an affordable option for potential homeowners looking to purchase a home.
The median home cost in Springbrook is $131,500. Home appreciation the last 10 years has been 55.3%. Home Appreciation in Springbrook is up 13.6%.
Average Age of Homes
- The median age of Springbrook real estate is 69 years old
The Rental Market in Springbrook
- Renters make up 0.0% of the Springbrook population
- 0.0% of houses and apartments in Springbrook, 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.