Atlantic, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Atlantic, IA Real Estate Data


Atlantic Housing Market Information

With a population of 6,833, 3,298 total housing units (homes and apartments), and a median house value of $96,193, house prices in Atlantic are some of the most affordable in Iowa as well as the nation.

Single-family detached homes are the single most common housing type in Atlantic, accounting for 73.87% of the city's housing units. Other types of housing that are prevalent in Atlantic include large apartment complexes or high rise apartments ( 12.66%), duplexes, homes converted to apartments or other small apartment buildings ( 10.58%), and a few mobile homes or trailers ( 2.09%).

The most prevalent building size and type in Atlantic are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.37% owning and 35.63% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Atlantic's housing was primarily built during this period, from the '40s through the '60s. A full 33.45% of the city's housing hails from this era. Other housing ages represented in Atlantic include homes built before 1939 ( 32.05%) and housing constructed between 1970-1999 ( 26.39%). There's also some housing in Atlantic built between 2000 and later ( 8.12%).

Atlantic Home Appreciation Rates

Appreciation rates for homes in Atlantic have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.58%, which ranks in the top 30% nationwide. This equates to an annual average Atlantic house appreciation rate of 1.19%.

Over the last year, Atlantic appreciation rates have trailed the rest of the nation. In the last twelve months, Atlantic's appreciation rate has been 1.89%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Atlantic were at -0.32%, which equates to an annual appreciation rate of -1.26%.

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

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

Average Home Values

 

Median Home Value:
$96,193

Atlantic, IA HOME PRICES

Value Range
> $1,231,000 0.4
$923,001 - $1,231,000 0.0
$615,001 - $923,000 0.5
$492,001 - $615,000 1.0
$369,001 - $492,000 2.3
$246,001 - $369,000 6.6
$123,001 - $246,000 23.0
$62,001 - $123,000 48.5
$0 - $62,000 17.7

Very Low for IA
Very Low for Nation

Value Relative to Nation Value Relative to State
81.3140481349183 82.2222222222222

Number Of Homes And Apartments:
3,298

Rent & Ownership

 

Average Market Rent:
$690 / per month

Homeownership Rate

Homeownership
Owners 64.37
Renters 35.63
Vacant 5.72

Housing Market Details

 

Age of Homes

AGE OF Atlantic HOMES
2000 or Newer 8.1
1970 - 1999 26.4
1940 - 1969 33.4
1939 or Older 32.0

Types of Homes

TYPE OF Atlantic HOMES
Single-Family 73.9
Townhomes 0.8
Small Apt. Buildings 10.6
Apt. Complexes 12.7
Mobile Homes 2.1
Other 0.0

Home Size

SIZE OF Atlantic HOMES
No Bedroom 1.77
1 Bedroom 9.69
2 Bedrooms 34.11
3 Bedrooms 37.65
4 Bedrooms 14.12
5 or more bedrooms 2.66

Atlantic Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IA*
Compared To
America*
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
28.98% 1.51% 2 3
* 10 is highest

Popular Neighborhoods in Atlantic

Zip Codes in Atlantic, IA