Estherville, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Estherville Neighborhoods Since 2000




Estherville, 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

Estherville Housing Market Information

With a population of 6,011, 2,491 total housing units (homes and apartments), and a median house value of $83,639, house prices in Estherville 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 Estherville, accounting for 81.21% of the city's housing units. Other types of housing that are prevalent in Estherville include duplexes, homes converted to apartments or other small apartment buildings ( 7.86%), large apartment complexes or high rise apartments ( 7.10%), and a few mobile homes or trailers ( 3.05%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Estherville. Owner-occupied housing accounts for 66.51% of Estherville's homes, and 51.79% have either three or four bedrooms, which is average sized relative to America.

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. Estherville's housing was primarily built during this period, from the '40s through the '60s. A full 45.70% of the city's housing hails from this era. Other housing ages represented in Estherville include homes built before 1939 ( 32.75%) and housing constructed between 1970-1999 ( 17.40%). There's also some housing in Estherville built between 2000 and later ( 4.16%).

Vacant housing appears to be an issue in Estherville. Fully 10.65% of the housing stock is classified as vacant. Left unchecked, vacant Estherville homes and apartments can be a drag on the real estate market, holding Estherville 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.

Estherville Home Appreciation Rates

Appreciation rates for homes in Estherville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.77%, which ranks in the top 30% nationwide. This equates to an annual average Estherville house appreciation rate of 1.12%.

Over the last year, Estherville appreciation rates have trailed the rest of the nation. In the last twelve months, Estherville's appreciation rate has been -1.09%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Estherville were at 0.99%, which equates to an annual appreciation rate of 4.00%.

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

Average Home Values

 

Median Home Value:
$83,639

Estherville, IA HOME PRICES

Value Range
> $1,059,000 0.0
$794,001 - $1,059,000 0.5
$529,001 - $794,000 0.0
$424,001 - $529,000 0.0
$318,001 - $424,000 0.8
$212,001 - $318,000 7.8
$106,001 - $212,000 25.8
$53,001 - $106,000 48.1
$0 - $53,000 17.0

Very Low for IA
Very Low for Nation

Value Relative to Nation Value Relative to State
88.1811789523028 90.1234567901235

Number Of Homes And Apartments:
2,491

Estherville 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
38.08% 1.89% 4 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$715 / per month

Homeownership Rate

Homeownership
Owners 66.51
Renters 33.49
Vacant 10.65

Housing Market Details

 

Age of Homes

AGE OF Estherville HOMES
2000 or Newer 4.2
1970 - 1999 17.4
1940 - 1969 45.7
1939 or Older 32.7

Types of Homes

TYPE OF Estherville HOMES
Single-Family 81.2
Townhomes 0.8
Small Apt. Buildings 7.9
Apt. Complexes 7.1
Mobile Homes 3.0
Other 0.0

Home Size

SIZE OF Estherville HOMES
No Bedroom 0.00
1 Bedroom 12.23
2 Bedrooms 31.99
3 Bedrooms 38.38
4 Bedrooms 13.41
5 or more bedrooms 3.98