The housing market in 51638 Essex, IA is quite strong with the median value being $123,300, which is significantly lower than the US House Median Value of $338,100. Furthermore, house appreciation over the last year has been 11.61%, much higher than the 8.27% seen across the US. This indicates that Essex is becoming an increasingly desirable place to live and it reflects positively on its future prospects as an area of investment for potential buyers.
The median home cost in Essex (zip 51638) is $123,300. Home appreciation the last 10 years has been 63.9%. Home Appreciation in Essex (zip 51638) is up 15.1%.
Average Age of Homes
- The median age of Essex (zip 51638) real estate is 73 years old
The Rental Market in Essex (zip 51638)
- Renters make up 18.6% of the Essex (zip 51638) population
- 0.0% of houses and apartments in Essex (zip 51638), 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.