The housing market in Albion, IA (50005) is thriving in comparison to the US average. According to recent data, the median house value in this area is $124,300 which is significantly lower than the US median of $338,100. Furthermore, the house appreciation rate over one year in Albion was 12.55%, while the average US rate is 8.27%. This signifies that housing prices have been increasing faster than the national average over the past year, making it a great time for anyone looking to invest in real estate in Albion.
The median home cost in Albion (zip 50005) is $124,300. Home appreciation the last 10 years has been 63.1%. Home Appreciation in Albion (zip 50005) is up 11.4%.
Average Age of Homes
- The median age of Albion (zip 50005) real estate is 59 years old
The Rental Market in Albion (zip 50005)
- Renters make up 11.6% of the Albion (zip 50005) population
- 0.0% of houses and apartments in Albion (zip 50005), 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.