The housing market in Ottumwa, IA (zip code 52501) is relatively affordable compared to the national average. The median value of a home in Ottumwa stands at $95,500 which is nearly two thirds lower than the US median house value of $338,100. Additionally, Ottumwa has experienced an impressive 11.61% appreciation rate in housing prices over the last year which outpaces the 8.27% growth rate seen nationally during that same period. This combination of affordability and strong growth makes Ottumwa an attractive option for potential homebuyers looking for a good value.
The median home cost in Ottumwa (zip 52501) is $95,500. Home appreciation the last 10 years has been 63.9%. Home Appreciation in Ottumwa (zip 52501) is up 15.1%.
Average Age of Homes
- The median age of Ottumwa (zip 52501) real estate is 64 years old
The Rental Market in Ottumwa (zip 52501)
- Renters make up 26.0% of the Ottumwa (zip 52501) population
- 3.4% of houses and apartments in Ottumwa (zip 52501), 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.