Clinton IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Clinton, 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Clinton Housing Market Information

With a population of 25,184, 10,890 total housing units (homes and apartments), and a median house value of $106,344, house prices in Clinton are solidly below the national average.

Single-family detached homes are the single most common housing type in Clinton, accounting for 72.96% of the city's housing units. Other types of housing that are prevalent in Clinton include large apartment complexes or high rise apartments ( 15.71%), duplexes, homes converted to apartments or other small apartment buildings ( 8.96%), and a few row houses and other attached homes ( 1.51%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Clinton. Owner-occupied housing accounts for 69.28% of Clinton's homes, and 51.91% have either three or four bedrooms, which is average sized relative to America.

The housing in Clinton was primarily built before 1939 ( 38.84%), making the housing stock in Clinton some of the oldest overall in America, although there is a range of ages of homes in Clinton. The next most important housing age is between 1940-1969 ( 36.67%), followed by between 1970-1999 ( 19.25%). There's also some housing in Clinton built between 2000 and later ( 5.24%).

Vacant housing appears to be an issue in Clinton. Fully 12.69% of the housing stock is classified as vacant. Left unchecked, vacant Clinton homes and apartments can be a drag on the real estate market, holding Clinton 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.

Clinton Home Appreciation Rates

Clinton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Clinton during the period has been just 0.95%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Clinton's appreciation rate, at 5.53%, has been at or slightly above the national average. In the latest quarter, Clinton's appreciation rate has been 1.17%, which annualizes to a rate of 4.77%.

Relative to Iowa, our data show that Clinton's latest annual appreciation rate is higher than 80% of the other cities and towns in Iowa.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Clinton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Clinton - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Clinton real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$106,344

Clinton, IA HOME PRICES

Value Range
> $1,096,000 0.4
$822,001 - $1,096,000 0.1
$548,001 - $822,000 0.7
$438,001 - $548,000 0.8
$329,001 - $438,000 2.6
$219,001 - $329,000 6.6
$110,001 - $219,000 32.7
$55,001 - $110,000 41.7
$0 - $55,000 14.5

Low for IA
Very Low for Nation

Value Relative to Nation Value Relative to State
82.4350364963504 79.2592592592593

Number Of Homes And Apartments:
10,890

Clinton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IA*
Compared To
America*
Latest Quarter:
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
Since 2000:
2000 Q1 - 2020 Q1
33.67% 1.44%
1
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$809 / per month

Homeownership Rate

Homeownership
Owners 69.28
Renters 30.72
Vacant 12.69

Housing Market Details

 

Age of Homes

AGE OF Clinton HOMES
2000 or Newer 5.2
1970 - 1999 19.2
1940 - 1969 36.7
1939 or Older 38.8

Types of Homes

TYPE OF Clinton HOMES
Single-Family 73.0
Townhomes 1.5
Small Apt. Buildings 9.0
Apt. Complexes 15.7
Mobile Homes 0.9
Other 0.0

Home Size

SIZE OF Clinton HOMES
No Bedroom 2.21
1 Bedroom 13.90
2 Bedrooms 28.76
3 Bedrooms 39.05
4 Bedrooms 12.86
5 or more bedrooms 3.21