The housing situation in Urbana, IA is quite different from the national average. The median value for homes in Urbana is significantly lower than the US house median value at $208,100 compared to $338,100. This discrepancy is also seen in the rate of house appreciation in the past year. The US house appreciation rate was 8.27%, while Urbana's rate was only 4.75%. Despite having a lower median value and slower growth rate, there are still plenty of great housing opportunities available in Urbana that make it an attractive place to live.
The median home cost in Urbana is $208,100. Home appreciation the last 10 years has been 52.9%. Home Appreciation in Urbana is up 11.4%.
Average Age of Homes
- The median age of Urbana real estate is 24 years old
The Rental Market in Urbana
- Renters make up 15.7% of the Urbana population
- 0.0% of houses and apartments in Urbana, 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.