The housing market in Shannon City, IA (50861) is currently quite strong. The median value of a house in this area is $128,000, which is significantly lower than the national median value of $338,100. This makes housing in Shannon City more affordable and attractive to buyers. Additionally, the annual appreciation rate for houses in the area is 11.61%, which is higher than the national rate of 8.27%. This indicates that buying a home now could be a savvy investment decision that will yield significant profits over time. All these factors create an ideal environment for current and potential homeowners alike to invest in the local housing market with confidence.
The median home cost in Shannon City (zip 50861) is $128,000. Home appreciation the last 10 years has been 63.9%. Home Appreciation in Shannon City (zip 50861) is up 15.1%.
Average Age of Homes
- The median age of Shannon City (zip 50861) real estate is 66 years old
The Rental Market in Shannon City (zip 50861)
- Renters make up 10.0% of the Shannon City (zip 50861) population
- 0.0% of houses and apartments in Shannon City (zip 50861), 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.