Council Bluffs, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Council Bluffs Neighborhoods Since 2000




Council Bluffs, 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

Council Bluffs Housing Market Information

With a population of 62,597, 24,770 total housing units (homes and apartments), and a median house value of $120,004, house prices in Council Bluffs are solidly below the national average.

Single-family detached homes are the single most common housing type in Council Bluffs, accounting for 68.89% of the city's housing units. Other types of housing that are prevalent in Council Bluffs include large apartment complexes or high rise apartments ( 19.14%), duplexes, homes converted to apartments or other small apartment buildings ( 6.11%), and a few mobile homes or trailers ( 3.13%).

People in Council Bluffs primarily live in small (one, two or no bedroom) single-family detached homes. Council Bluffs has a mixture of owner-occupied and renter-occupied housing.

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. Council Bluffs's housing was primarily built during this period, from the '40s through the '60s. A full 31.15% of the city's housing hails from this era. Other housing ages represented in Council Bluffs include homes built before 1939 ( 28.41%) and housing constructed between 1970-1999 ( 27.73%). There's also some housing in Council Bluffs built between 2000 and later ( 12.71%).

Council Bluffs Home Appreciation Rates

Appreciation rates for homes in Council Bluffs have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.05%, which ranks in the top 50% nationwide. This equates to an annual average Council Bluffs house appreciation rate of 0.10%.

NeighborhoodScout's data show that during the latest twelve months, Council Bluffs's appreciation rate, at 3.97%, has been at or slightly above the national average. In the latest quarter, Council Bluffs's appreciation rate has been 1.69%, which annualizes to a rate of 6.94%.

Importantly, this makes Council Bluffs one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Iowa, our data show that Council Bluffs's latest annual appreciation rate is lower than 50% 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 Council Bluffs differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Council Bluffs - 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 Council Bluffs real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$120,004

Council Bluffs, IA HOME PRICES

Value Range
> $1,079,000 0.3
$809,001 - $1,079,000 0.3
$539,001 - $809,000 0.5
$432,001 - $539,000 1.1
$324,001 - $432,000 3.7
$216,001 - $324,000 8.7
$108,001 - $216,000 43.2
$54,001 - $108,000 34.2
$0 - $54,000 8.0

Average for IA
Low for Nation

Value Relative to Nation Value Relative to State
65.3873198171804 53.5802469135802

Number Of Homes And Apartments:
24,770

Council Bluffs 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
25.24% 1.31% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$950 / per month

Homeownership Rate

Homeownership
Owners 60.42
Renters 39.58
Vacant 8.28

Housing Market Details

 

Age of Homes

AGE OF Council Bluffs HOMES
2000 or Newer 12.7
1970 - 1999 27.7
1940 - 1969 31.2
1939 or Older 28.4

Types of Homes

TYPE OF Council Bluffs HOMES
Single-Family 68.9
Townhomes 2.6
Small Apt. Buildings 6.1
Apt. Complexes 19.1
Mobile Homes 3.1
Other 0.1

Home Size

SIZE OF Council Bluffs HOMES
No Bedroom 1.91
1 Bedroom 13.67
2 Bedrooms 33.68
3 Bedrooms 37.09
4 Bedrooms 11.24
5 or more bedrooms 2.41