Zip 50511 (Algona, IA) Housing

The housing market in 50511 Algona, IA is booming. The median value of homes in this area is $151,100, which is significantly below the median value of homes in the US as a whole, at $338,100. Even so, the appreciation of homes here has been impressive over the past year, with an 8.27% growth rate compared to the national average of 9.93%. This demonstrates that people are eager to invest in property in this area and shows potential for further growth in its housing values.

The median home cost in Algona (zip 50511) is $151,100. Home appreciation the last 10 years has been 64.5%. Home Appreciation in Algona (zip 50511) is up 14.4%.

Average Age of Homes

- The median age of Algona (zip 50511) real estate is 47 years old

The Rental Market in Algona (zip 50511)

- Renters make up 18.7% of the Algona (zip 50511) population
- 2.1% of houses and apartments in Algona (zip 50511), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Algona, Iowa	United States
	3,522.0	139,647,020.0
	50	42
	$151,100	$338,100
	14.4%	16.6%
	37.6%	57.0%
	64.5%	101.1%
	$12.68	$10.98
	$1,970	$2,690
	64.9%	57.4%
	7.7%	11.2%
	27.4%	31.4%
Vacant Housing
	2.1%	1.9%
	0.0%	0.4%
	0.5%	0.7%
	0.0%	0.4%
	0.6%	3.6%
	4.5%	4.1%
Value of Owner-Occupied Housing
	0.7%	2.6%
	3.5%	2.4%
	5.4%	2.8%
	8.5%	3.9%
	6.7%	4.5%
	23.2%	11.3%
	17.2%	13.0%
	17.5%	20.1%
	9.0%	13.6%
	4.4%	8.3%
	3.8%	9.7%
	0.2%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	9.7%	13.6%
	9.7%	13.6%
	7.7%	13.6%
	5.1%	13.2%
	20.4%	14.8%
	7.7%	13.6%
	10.3%	10.0%
	6.9%	4.7%
	21.0%	12.2%

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