Housing in 50218 Patterson, IA is an excellent investment for anyone looking to purchase a home. The median value of housing in 50218 Patterson is $121,800 which is a much more affordable price point than the US median of $338,100. Additionally, the one year appreciation rate for homes in 50218 Patterson is 13.50% which is much higher than the 8.27% rate of appreciation that homes are experiencing across the country. For these reasons, investing in housing in 50218 Patterson makes sense as buyers can purchase a home at an affordable price and experience a high rate of return on their investment over time.
The median home cost in Patterson (zip 50218) is $121,800. Home appreciation the last 10 years has been 68.7%. Home Appreciation in Patterson (zip 50218) is up 15.8%.
Average Age of Homes
- The median age of Patterson (zip 50218) real estate is 42 years old
The Rental Market in Patterson (zip 50218)
- Renters make up 5.9% of the Patterson (zip 50218) population
- 0.0% of houses and apartments in Patterson (zip 50218), 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.