Median real estate price in the City Center of Algona is $113,093, which is more expensive than 44.4% of the neighborhoods in Iowa and 23.4% of the neighborhoods in the U.S.
The average rental price in Algona City Center is currently $832, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 68.9% of the neighborhoods in Iowa.
Algona City Center is a suburban neighborhood (based on population density) located in Algona, Iowa.
Real estate in the City Center of Algona, IA is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the City Center neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1970 and 1999.
Algona City Center has a 13.5% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 69.4% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.