Housing in 50851 Lenox, IA is quite affordable compared to the national average, with a median value of $133,500. Furthermore, house appreciation in this area has been impressive over the past year, at 11.61%, which is much higher than the US average of 8.27%. This makes Lenox an attractive option for homebuyers looking for a good investment opportunity or an affordable home. The current market conditions are favorable for buyers and will likely continue to be so in the foreseeable future.
The median home cost in Lenox (zip 50851) is $133,500. Home appreciation the last 10 years has been 63.9%. Home Appreciation in Lenox (zip 50851) is up 15.1%.
Average Age of Homes
- The median age of Lenox (zip 50851) real estate is 54 years old
The Rental Market in Lenox (zip 50851)
- Renters make up 41.0% of the Lenox (zip 50851) population
- 3.5% of houses and apartments in Lenox (zip 50851), 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.