The housing market in 50164 Menlo, IA is doing very well. The median value of homes in this area is $159,000, which is significantly lower than the US house median value of $338,100. This makes it an affordable and appealing option for potential buyers. Homeowners and potential buyers can also take comfort in knowing that the one-year appreciation rate of houses in this area has been 10.80%, which is higher than the national average of 8.27%. Therefore, this area is currently experiencing a healthy market with growing values and presents a smart investment opportunity.
The median home cost in Menlo (zip 50164) is $159,000. Home appreciation the last 10 years has been 65.5%. Home Appreciation in Menlo (zip 50164) is up 16.4%.
Average Age of Homes
- The median age of Menlo (zip 50164) real estate is 77 years old
The Rental Market in Menlo (zip 50164)
- Renters make up 12.3% of the Menlo (zip 50164) population
- 1.0% of houses and apartments in Menlo (zip 50164), 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.