Charles City, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Charles City Neighborhoods Since 2000




Charles City, 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

Charles City Housing Market Information

With a population of 7,455, 3,438 total housing units (homes and apartments), and a median house value of $105,479, house prices in Charles City are solidly below the national average.

Single-family detached homes are the single most common housing type in Charles City, accounting for 76.86% of the city's housing units. Other types of housing that are prevalent in Charles City include duplexes, homes converted to apartments or other small apartment buildings ( 12.49%), large apartment complexes or high rise apartments ( 9.07%), and a few row houses and other attached homes ( 1.09%).

The most prevalent building size and type in Charles City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.37% owning and 42.63% 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. Charles City's housing was primarily built during this period, from the '40s through the '60s. A full 43.50% of the city's housing hails from this era. Other housing ages represented in Charles City include homes built before 1939 ( 30.91%) and housing constructed between 1970-1999 ( 22.38%). There's also some housing in Charles City built between 2000 and later ( 3.21%).

Charles City Home Appreciation Rates

Appreciation rates for homes in Charles City have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.39%, which ranks in the top 40% nationwide. This equates to an annual average Charles City house appreciation rate of 0.53%.

Over the last year, Charles City appreciation rates have trailed the rest of the nation. In the last twelve months, Charles City's appreciation rate has been -0.66%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Charles City were at 0.99%, which equates to an annual appreciation rate of 4.00%.

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

Average Home Values

 

Median Home Value:
$105,479

Charles City, IA HOME PRICES

Value Range
> $1,041,000 0.0
$780,001 - $1,041,000 0.0
$520,001 - $780,000 0.0
$416,001 - $520,000 0.0
$312,001 - $416,000 0.0
$208,001 - $312,000 7.1
$104,001 - $208,000 35.9
$52,001 - $104,000 43.3
$0 - $52,000 13.6

Low for IA
Low for Nation

Value Relative to Nation Value Relative to State
74.0302355560764 69.6296296296296

Number Of Homes And Apartments:
3,438

Charles City 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
35.97% 1.80% 3 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$784 / per month

Homeownership Rate

Homeownership
Owners 57.37
Renters 42.63
Vacant 8.85

Housing Market Details

 

Age of Homes

AGE OF Charles City HOMES
2000 or Newer 3.2
1970 - 1999 22.4
1940 - 1969 43.5
1939 or Older 30.9

Types of Homes

TYPE OF Charles City HOMES
Single-Family 76.9
Townhomes 1.1
Small Apt. Buildings 12.5
Apt. Complexes 9.1
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Charles City HOMES
No Bedroom 1.33
1 Bedroom 14.69
2 Bedrooms 26.54
3 Bedrooms 43.90
4 Bedrooms 11.74
5 or more bedrooms 1.80

Popular Neighborhoods in Charles City

Zip Codes in Charles City, IA