Charles City, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Charles City, IA Real Estate Data


Charles City Housing Market Information

With 7,455 people, 3,512 houses or apartments, and a median cost of homes of $107,922, 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 80.39% of the city's housing units. Other types of housing that are prevalent in Charles City include large apartment complexes or high rise apartments ( 9.72%), duplexes, homes converted to apartments or other small apartment buildings ( 8.99%).

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 60.09% owning and 39.91% 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 46.17% of the city's housing hails from this era. Other housing ages represented in Charles City include homes built before 1939 ( 31.22%) and housing constructed between 1970-1999 ( 19.12%). There's also some housing in Charles City built between 2000 and later ( 3.50%).

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 9.12%, which ranks in the top 40% nationwide. This equates to an annual average Charles City house appreciation rate of 0.88%.

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 4.06%, 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 -0.32%, which equates to an annual appreciation rate of -1.26%.

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

Relative to Iowa, our data show that Charles City's latest annual appreciation rate is lower than 50% of the other cities and towns in Iowa.

Average Home Values

 

Median Home Value:
$107,922

Charles City, IA HOME PRICES

Value Range
> $1,134,000 0.0
$850,001 - $1,134,000 0.0
$567,001 - $850,000 0.0
$454,001 - $567,000 0.0
$340,001 - $454,000 0.0
$227,001 - $340,000 7.2
$114,001 - $227,000 33.2
$57,001 - $114,000 49.5
$0 - $57,000 9.9

Low for IA
Low for Nation

Value Relative to Nation Value Relative to State
73.724893131112 69.1358024691358

Number Of Homes And Apartments:
3,512

Rent & Ownership

 

Average Market Rent:
$745 / per month

Homeownership Rate

Homeownership
Owners 60.09
Renters 39.91
Vacant 9.02

Housing Market Details

 

Age of Homes

AGE OF Charles City HOMES
2000 or Newer 3.5
1970 - 1999 19.1
1940 - 1969 46.2
1939 or Older 31.2

Types of Homes

TYPE OF Charles City HOMES
Single-Family 80.4
Townhomes 0.9
Small Apt. Buildings 9.0
Apt. Complexes 9.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Charles City HOMES
No Bedroom 1.40
1 Bedroom 12.93
2 Bedrooms 27.95
3 Bedrooms 43.37
4 Bedrooms 11.45
5 or more bedrooms 2.90

Charles City 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
39.05% 1.96% 4 4
* 10 is highest

Popular Neighborhoods in Charles City

Zip Codes in Charles City, IA