Decorah, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Decorah Neighborhoods Since 2000




Decorah, 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

Decorah Housing Market Information

With a population of 7,907, 2,984 total housing units (homes and apartments), and a median house value of $184,704, Decorah real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Decorah, accounting for 70.46% of the city's housing units. Other types of housing that are prevalent in Decorah include duplexes, homes converted to apartments or other small apartment buildings ( 14.82%), large apartment complexes or high rise apartments ( 11.42%), and a few row houses and other attached homes ( 3.30%).

The most prevalent building size and type in Decorah are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 47.59% owning and 52.41% renting.

The housing in Decorah was primarily built before 1939 ( 34.13%), making the housing stock in Decorah some of the oldest overall in America, although there is a range of ages of homes in Decorah. The next most important housing age is between 1970-1999 ( 32.87%), followed by between 1940-1969 ( 26.93%). There's also some housing in Decorah built between 2000 and later ( 6.07%).

Decorah Home Appreciation Rates

In the last 10 years, Decorah has experienced some of the highest home appreciation rates of any community in the nation. Decorah real estate appreciated 21.22% over the last ten years, which is an average annual home appreciation rate of 1.94%, putting Decorah in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Decorah definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Decorah's appreciation rate, at 4.09%, has been at or slightly above the national average. In the latest quarter, Decorah's appreciation rate has been 0.99%, which annualizes to a rate of 4.00%.

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

Average Home Values

 

Median Home Value:
$184,704

Decorah, IA HOME PRICES

Value Range
> $1,132,000 0.2
$849,001 - $1,132,000 0.0
$566,001 - $849,000 1.7
$452,001 - $566,000 1.0
$339,001 - $452,000 7.0
$226,001 - $339,000 23.7
$113,001 - $226,000 48.9
$57,001 - $113,000 13.1
$0 - $57,000 4.3

Very High for IA
High for Nation

Value Relative to Nation Value Relative to State
36.4994726356498 15.3086419753086

Number Of Homes And Apartments:
2,984

Decorah 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
52.53% 2.48% 7 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$696 / per month

Homeownership Rate

Homeownership
Owners 47.59
Renters 52.41
Vacant 1.52

Housing Market Details

 

Age of Homes

AGE OF Decorah HOMES
2000 or Newer 6.1
1970 - 1999 32.9
1940 - 1969 26.9
1939 or Older 34.1

Types of Homes

TYPE OF Decorah HOMES
Single-Family 70.5
Townhomes 3.3
Small Apt. Buildings 14.8
Apt. Complexes 11.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Decorah HOMES
No Bedroom 0.66
1 Bedroom 11.19
2 Bedrooms 34.39
3 Bedrooms 30.40
4 Bedrooms 16.04
5 or more bedrooms 7.33

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Zip Codes in Decorah, IA