Housing in Red Oak, IA (51566) is particularly attractive, as the median value of a house is $110,600 - significantly lower than the US House Median Value, which currently stands at $338,100. Furthermore, Red Oak has seen an impressive yearly appreciation rate of 15.23%, much higher than the US average of 8.27%. This makes Red Oak an ideal place for those looking to invest in or purchase a home.
The median home cost in Red Oak (zip 51566) is $110,600. Home appreciation the last 10 years has been 69.7%. Home Appreciation in Red Oak (zip 51566) is up 15.4%.
Average Age of Homes
- The median age of Red Oak (zip 51566) real estate is 59 years old
The Rental Market in Red Oak (zip 51566)
- Renters make up 29.7% of the Red Oak (zip 51566) population
- 1.9% of houses and apartments in Red Oak (zip 51566), 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.