Fort Dodge, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Fort Dodge, IA Real Estate Data


Fort Dodge Housing Market Information

With 24,649 people, 10,169 houses or apartments, and a median cost of homes of $99,188, house prices in Fort Dodge are solidly below the national average.

Single-family detached homes are the single most common housing type in Fort Dodge, accounting for 70.26% of the city's housing units. Other types of housing that are prevalent in Fort Dodge include large apartment complexes or high rise apartments ( 12.76%), duplexes, homes converted to apartments or other small apartment buildings ( 10.55%), and a few row houses and other attached homes ( 3.86%).

People in Fort Dodge primarily live in small (one, two or no bedroom) single-family detached homes. Fort Dodge 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. Fort Dodge's housing was primarily built during this period, from the '40s through the '60s. A full 42.89% of the city's housing hails from this era. Other housing ages represented in Fort Dodge include homes built before 1939 ( 30.88%) and housing constructed between 1970-1999 ( 21.08%). There's also some housing in Fort Dodge built between 2000 and later ( 5.15%).

Fort Dodge Home Appreciation Rates

Appreciation rates for homes in Fort Dodge have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 13.76%, which ranks in the top 30% nationwide. This equates to an annual average Fort Dodge house appreciation rate of 1.30%.

Over the last year, Fort Dodge appreciation rates have trailed the rest of the nation. In the last twelve months, Fort Dodge's appreciation rate has been 4.00%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fort Dodge were at -0.32%, which equates to an annual appreciation rate of -1.26%.

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

Relative to Iowa, our data show that Fort Dodge'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 Fort Dodge differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Fort Dodge - 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 Fort Dodge real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$99,188

Fort Dodge, IA HOME PRICES

Value Range
> $1,134,000 0.0
$851,001 - $1,134,000 0.5
$567,001 - $851,000 0.5
$453,001 - $567,000 0.7
$340,001 - $453,000 1.1
$227,001 - $340,000 6.3
$113,001 - $227,000 24.0
$57,001 - $113,000 48.0
$0 - $57,000 18.9

Low for IA
Low for Nation

Value Relative to Nation Value Relative to State
79.2645078175323 78.2716049382716

Number Of Homes And Apartments:
10,169

Rent & Ownership

 

Average Market Rent:
$700 / per month

Homeownership Rate

Homeownership
Owners 55.06
Renters 44.94
Vacant 9.73

Housing Market Details

 

Age of Homes

AGE OF Fort Dodge HOMES
2000 or Newer 5.1
1970 - 1999 21.1
1940 - 1969 42.9
1939 or Older 30.9

Types of Homes

TYPE OF Fort Dodge HOMES
Single-Family 70.3
Townhomes 3.9
Small Apt. Buildings 10.5
Apt. Complexes 12.8
Mobile Homes 2.6
Other 0.0

Home Size

SIZE OF Fort Dodge HOMES
No Bedroom 0.74
1 Bedroom 12.17
2 Bedrooms 36.86
3 Bedrooms 36.34
4 Bedrooms 10.75
5 or more bedrooms 3.14

Fort Dodge 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
21.99% 1.18% 1 2
* 10 is highest