Creston, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Creston Neighborhoods Since 2000




Creston, 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

Creston Housing Market Information

With a population of 7,854, 3,335 total housing units (homes and apartments), and a median house value of $73,028, house prices in Creston 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 Creston, accounting for 77.23% of the city's housing units. Other types of housing that are prevalent in Creston include large apartment complexes or high rise apartments ( 11.36%), duplexes, homes converted to apartments or other small apartment buildings ( 7.08%), and a few mobile homes or trailers ( 3.79%).

The most prevalent building size and type in Creston are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.57% owning and 36.43% renting.

The housing in Creston was primarily built before 1939 ( 43.01%), making the housing stock in Creston some of the oldest overall in America, although there is a range of ages of homes in Creston. The next most important housing age is between 1970-1999 ( 25.09%), followed by between 1940-1969 ( 22.80%). There's also some housing in Creston built between 2000 and later ( 9.10%).

Creston Home Appreciation Rates

Appreciation rates for homes in Creston have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.22%, which ranks in the top 40% nationwide. This equates to an annual average Creston house appreciation rate of 0.51%.

Over the last year, Creston appreciation rates have trailed the rest of the nation. In the last twelve months, Creston's appreciation rate has been -1.47%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Creston were at 0.99%, which equates to an annual appreciation rate of 4.00%.

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

Average Home Values

 

Median Home Value:
$73,028

Creston, IA HOME PRICES

Value Range
> $1,015,000 0.3
$761,001 - $1,015,000 0.0
$508,001 - $761,000 0.0
$406,001 - $508,000 0.4
$304,001 - $406,000 1.9
$203,001 - $304,000 3.4
$101,001 - $203,000 28.0
$51,001 - $101,000 48.4
$0 - $51,000 17.7

Very Low for IA
Very Low for Nation

Value Relative to Nation Value Relative to State
93.9587483886089 96.2962962962963

Number Of Homes And Apartments:
3,335

Creston 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
36.62% 1.83% 3 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$682 / per month

Homeownership Rate

Homeownership
Owners 63.57
Renters 36.43
Vacant 9.15

Housing Market Details

 

Age of Homes

AGE OF Creston HOMES
2000 or Newer 9.1
1970 - 1999 25.1
1940 - 1969 22.8
1939 or Older 43.0

Types of Homes

TYPE OF Creston HOMES
Single-Family 77.2
Townhomes 0.5
Small Apt. Buildings 7.1
Apt. Complexes 11.4
Mobile Homes 3.8
Other 0.0

Home Size

SIZE OF Creston HOMES
No Bedroom 2.97
1 Bedroom 10.16
2 Bedrooms 32.77
3 Bedrooms 40.32
4 Bedrooms 11.03
5 or more bedrooms 2.75

Popular Neighborhoods in Creston

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Zip Codes in Creston, IA