Algona, IA


Highest Appreciating Algona Neighborhoods Since 2000

Algona, IA Real Estate Data

Algona Housing Market Information

With a population of 5,470, 2,524 total housing units (homes and apartments), and a median house value of $126,969, house prices in Algona are solidly below the national average.

Single-family detached homes are the single most common housing type in Algona, accounting for 77.67% of the city's housing units. Other types of housing that are prevalent in Algona include large apartment complexes or high rise apartments ( 13.69%), duplexes, homes converted to apartments or other small apartment buildings ( 6.51%), and a few row houses and other attached homes ( 2.14%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Algona. Owner-occupied housing accounts for 74.79% of Algona's homes, and 58.77% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Algona built from 1970 to 1999 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 Algona built between 1940-1969 ( 30.14%). A lesser amount of the housing stock also hails from before 1939 ( 29.37%). There's also some housing in Algona built between 2000 and later ( 9.00%).

Vacant housing appears to be an issue in Algona. Fully 11.66% of the housing stock is classified as vacant. Left unchecked, vacant Algona homes and apartments can be a drag on the real estate market, holding Algona real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Algona Home Appreciation Rates

In the last 10 years, Algona has experienced some of the highest home appreciation rates of any community in the nation. Algona real estate appreciated 35.57% over the last ten years, which is an average annual home appreciation rate of 3.09%, putting Algona in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Algona definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Algona that despite a nationwide downturn in the housing market, Algona real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Algona appreciation rates continue to be some of the highest in America, at 5.94%, which is higher than appreciation rates in 73.38% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Algona. Algona appreciation rates in the latest quarter were at -0.32%, which equates to an annual appreciation rate of -1.26%.

Notably, Algona's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Iowa, our data show that Algona's latest annual appreciation rate is higher than 90% of the other cities and towns in Iowa.

Average Home Values


Median Home Value:


Value Range
> $1,226,000 0.0
$920,001 - $1,226,000 0.0
$613,001 - $920,000 0.9
$491,001 - $613,000 2.0
$368,001 - $491,000 2.5
$246,001 - $368,000 11.2
$123,001 - $246,000 33.6
$61,001 - $123,000 39.3
$0 - $61,000 10.6

Average for IA
Low for Nation

Value Relative to Nation Value Relative to State
62.5636821455759 48.8888888888889

Number Of Homes And Apartments:

Rent & Ownership


Average Market Rent:
$780 / per month

Homeownership Rate

Owners 74.79
Renters 25.21
Vacant 11.66

Housing Market Details


Age of Homes

2000 or Newer 9.0
1970 - 1999 31.5
1940 - 1969 30.1
1939 or Older 29.4

Types of Homes

Single-Family 77.7
Townhomes 2.1
Small Apt. Buildings 6.5
Apt. Complexes 13.7
Mobile Homes 0.0
Other 0.0

Home Size

No Bedroom 1.40
1 Bedroom 8.02
2 Bedrooms 27.16
3 Bedrooms 36.54
4 Bedrooms 22.23
5 or more bedrooms 4.66

Algona Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
51.09% 2.46% 6 6
* 10 is highest

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