Albia, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Albia Neighborhoods Since 2000




Albia, IA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Albia Housing Market Information

With a population of 3,829, 1,603 total housing units (homes and apartments), and a median house value of $101,522, house prices in Albia are solidly below the national average.

Single-family detached homes are the single most common housing type in Albia, accounting for 78.10% of the city's housing units. Other types of housing that are prevalent in Albia include duplexes, homes converted to apartments or other small apartment buildings ( 7.88%), large apartment complexes or high rise apartments ( 6.64%), and a few mobile homes or trailers ( 5.57%).

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

The housing in Albia was primarily built before 1939 ( 35.08%), making the housing stock in Albia some of the oldest overall in America, although there is a range of ages of homes in Albia. The next most important housing age is between 1970-1999 ( 32.66%), followed by between 1940-1969 ( 24.32%). There's also some housing in Albia built between 2000 and later ( 7.94%).

Albia Home Appreciation Rates

In the last 10 years, Albia has experienced some of the highest home appreciation rates of any community in the nation. Albia real estate appreciated 23.48% over the last ten years, which is an average annual home appreciation rate of 2.13%, putting Albia in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Albia definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Albia's appreciation rate, at 4.34%, has been at or slightly above the national average. In the latest quarter, Albia's appreciation rate has been 0.99%, which annualizes to a rate of 4.00%.

Relative to Iowa, our data show that Albia's latest annual appreciation rate is higher than 60% of the other cities and towns in Iowa.

Average Home Values

 

Median Home Value:
$101,522

Albia, IA HOME PRICES

Value Range
> $1,113,000 0.0
$835,001 - $1,113,000 1.8
$556,001 - $835,000 0.3
$445,001 - $556,000 0.8
$334,001 - $445,000 3.1
$222,001 - $334,000 8.1
$111,001 - $222,000 30.3
$56,001 - $111,000 35.6
$0 - $56,000 20.0

Low for IA
Low for Nation

Value Relative to Nation Value Relative to State
76.6318996835814 74.0740740740741

Number Of Homes And Apartments:
1,603

Albia Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
60.86% 2.79% 8 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$831 / per month

Homeownership Rate

Homeownership
Owners 56.96
Renters 43.04
Vacant 9.74

Housing Market Details

 

Age of Homes

AGE OF Albia HOMES
2000 or Newer 7.9
1970 - 1999 32.7
1940 - 1969 24.3
1939 or Older 35.1

Types of Homes

TYPE OF Albia HOMES
Single-Family 78.1
Townhomes 1.8
Small Apt. Buildings 7.9
Apt. Complexes 6.6
Mobile Homes 5.6
Other 0.0

Home Size

SIZE OF Albia HOMES
No Bedroom 0.00
1 Bedroom 13.18
2 Bedrooms 36.60
3 Bedrooms 32.66
4 Bedrooms 15.03
5 or more bedrooms 2.53

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Zip Codes in Albia, IA