52583 Promise City, IA has seen strong appreciation in its housing market over the past year. The median value of a house in this city is $157,300, which is significantly lower than the US median value of $338,100. However, the 1-year house appreciation rate for Promise City was 11.61%, which is well above the US average of 8.27%. This indicates that this city is currently enjoying a booming housing market and investing now could be highly beneficial for prospective buyers!
The median home cost in Promise City (zip 52583) is $157,300. Home appreciation the last 10 years has been 63.9%. Home Appreciation in Promise City (zip 52583) is up 15.1%.
Average Age of Homes
- The median age of Promise City (zip 52583) real estate is 69 years old
The Rental Market in Promise City (zip 52583)
- Renters make up 1.5% of the Promise City (zip 52583) population
- 0.0% of houses and apartments in Promise City (zip 52583), 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.