Estherville, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Estherville Neighborhoods Since 2000




Estherville, IA Real Estate Data


Estherville Housing Market Information

With a population of 6,011, 2,479 total housing units (homes and apartments), and a median house value of $101,620, house prices in Estherville are solidly below the national average.

Single-family detached homes are the single most common housing type in Estherville, accounting for 82.84% of the city's housing units. Other types of housing that are prevalent in Estherville include large apartment complexes or high rise apartments ( 7.19%), duplexes, homes converted to apartments or other small apartment buildings ( 6.90%), and a few mobile homes or trailers ( 2.47%).

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 68.90% of Estherville's homes, and 51.81% 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 46.80% of the city's housing hails from this era. Other housing ages represented in Estherville include homes built before 1939 ( 32.61%) and housing constructed between 1970-1999 ( 17.55%). There's also some housing in Estherville built between 2000 and later ( 3.04%).

Vacant housing appears to be an issue in Estherville. Fully 11.37% 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

In the last 10 years, Estherville has experienced some of the highest home appreciation rates of any community in the nation. Estherville real estate appreciated 21.13% over the last ten years, which is an average annual home appreciation rate of 1.94%, putting Estherville in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Estherville 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, Estherville's appreciation rate, at 5.29%, has been at or slightly above the national average. In the latest quarter, Estherville's appreciation rate has been -0.32%, which annualizes to a rate of -1.26%.

Notably, Estherville's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$101,620

Estherville, IA HOME PRICES

Value Range
> $1,356,000 0.0
$1,017,001 - $1,356,000 0.0
$678,001 - $1,017,000 0.4
$542,001 - $678,000 0.0
$407,001 - $542,000 0.8
$271,001 - $407,000 6.6
$135,001 - $271,000 24.7
$68,001 - $135,000 51.5
$0 - $68,000 15.9

Low for IA
Low for Nation

Value Relative to Nation Value Relative to State
77.8239737658839 76.2962962962963

Number Of Homes And Apartments:
2,479

Rent & Ownership

 

Average Market Rent:
$701 / per month

Homeownership Rate

Homeownership
Owners 68.90
Renters 31.10
Vacant 11.37

Housing Market Details

 

Age of Homes

AGE OF Estherville HOMES
2000 or Newer 3.0
1970 - 1999 17.6
1940 - 1969 46.8
1939 or Older 32.6

Types of Homes

TYPE OF Estherville HOMES
Single-Family 82.8
Townhomes 0.6
Small Apt. Buildings 6.9
Apt. Complexes 7.2
Mobile Homes 2.5
Other 0.0

Home Size

SIZE OF Estherville HOMES
No Bedroom 0.00
1 Bedroom 11.48
2 Bedrooms 33.18
3 Bedrooms 38.04
4 Bedrooms 13.76
5 or more bedrooms 3.54

Estherville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
46.87% 2.29% 6 6
* 10 is highest