Iowa City appreciation rates and housing market information

Iowa City housing market information

With 62,381 people, 26,052 houses or apartments, and a median cost of homes of $190,100, Iowa City real estate is some of the most expensive in Iowa, although Iowa City home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Iowa City, accounting for 41.79% of the city's housing units. Other types of housing that are prevalent in Iowa City include large apartment complexes or high rise apartments (37.14%), duplexes, homes converted to apartments, or other small apartment buildings (10.91%), row houses and other attached homes (5.53%), and a few mobile homes or trailers (4.61%).

People in Iowa City primarily live in small (one, two, or no bedroom) single-family detached homes. Iowa City has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Iowa City built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Iowa City built from 1940-1969 (28.51%). A lesser amount of the housing stock also hails from 1939 and earlier (14.47%), and some were built from 1995 and later (14.47%).

Iowa City home appreciation rates

Iowa City's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Iowa City during the period has been just 5.42%, which is lower than % of US communities.

Over the last year, Iowa City appreciation rates have trailed the rest of the nation. In the last twelve months, Iowa City's appreciation rate has been 0.83%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Iowa City were at -0.52%, which equates to an annual appreciation rate of -2.08%.

Relative to Iowa, our data show that Iowa City's latest annual appreciation rate is higher than 6% of the other cities and towns in Iowa.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Iowa City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Iowa City - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Iowa City real estate investment or home purchase decisions.