The housing market in Wellman, IA (52356) is much lower than the US median value of $338,100; in fact, the median house value in Wellman is only $205,700. This means houses are substantially more affordable for buyers at this location. Despite this lower cost of living, the appreciation rate for homes in Wellman over the last year was still a respectable 4.75%, which is significantly lower than the national average of 8.27%. This indicates that although house prices are lower here, they are still increasing and provide a good investment opportunity for potential homeowners.
The median home cost in Wellman (zip 52356) is $205,700. Home appreciation the last 10 years has been 52.9%. Home Appreciation in Wellman (zip 52356) is up 11.4%.
Average Age of Homes
- The median age of Wellman (zip 52356) real estate is 63 years old
The Rental Market in Wellman (zip 52356)
- Renters make up 19.2% of the Wellman (zip 52356) population
- 2.0% of houses and apartments in Wellman (zip 52356), 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.