The housing market in Fayette, IA County is strong and growing. The median value for homes in the county is $118,200, which is significantly less than the US median of $338,100. Over the past year, the appreciation rate for housing in Fayette, IA has been 11.75%, well above the national average of 8.27%. This indicates that there is strong and steady growth in property values in this area. With such a low median cost and high appreciation rate, investing in housing here could be a wise choice for those looking to get into real estate investing.
The median home cost in Fayette County is $118,200. Home appreciation the last 10 years has been 58.1%. Home Appreciation in Fayette County is up 14.3%.
Average Age of Homes
- The median age of Fayette County real estate is 70 years old
The Rental Market in Fayette County
- Renters make up 21.2% of the Fayette County population
- 2.2% of houses and apartments in Fayette County, 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.