Hiawatha, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Hiawatha, 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

Hiawatha Housing Market Information

With a population of 7,199, 3,004 total housing units (homes and apartments), and a median house value of $125,486, house prices in Hiawatha are solidly below the national average.

Single-family detached homes are the single most common housing type in Hiawatha, accounting for 44.83% of the city's housing units. Other types of housing that are prevalent in Hiawatha include large apartment complexes or high rise apartments ( 24.79%), mobile homes or trailers ( 15.42%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 10.64%).

People in Hiawatha primarily live in small (one, two or no bedroom) single-family detached homes. Hiawatha has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Hiawatha built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Hiawatha built between 1940-1969 ( 23.88%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.68%). There's also some housing in Hiawatha built before 1939 ( 1.54%).

Hiawatha Home Appreciation Rates

Appreciation rates for homes in Hiawatha have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.26%, which ranks in the top 50% nationwide. This equates to an annual average Hiawatha house appreciation rate of 0.42%.

Over the last year, Hiawatha appreciation rates have trailed the rest of the nation. In the last twelve months, Hiawatha's appreciation rate has been 2.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hiawatha were at 0.60%, which equates to an annual appreciation rate of 2.41%.

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

Average Home Values

 

Median Home Value:
$125,486

Hiawatha, IA HOME PRICES

Value Range
> $1,045,000 1.4
$784,001 - $1,045,000 0.5
$523,001 - $784,000 1.3
$418,001 - $523,000 1.5
$313,001 - $418,000 3.9
$209,001 - $313,000 23.4
$104,001 - $209,000 36.6
$53,001 - $104,000 9.3
$0 - $53,000 22.2

Average for IA
Low for Nation

Value Relative to Nation Value Relative to State
62.2875893589593 49.3827160493827

Number Of Homes And Apartments:
3,004

Hiawatha 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
21.92% 1.16% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$895 / per month

Homeownership Rate

Homeownership
Owners 61.97
Renters 38.03
Vacant 9.19

Housing Market Details

 

Age of Homes

AGE OF Hiawatha HOMES
2000 or Newer 17.7
1970 - 1999 56.9
1940 - 1969 23.9
1939 or Older 1.5

Types of Homes

TYPE OF Hiawatha HOMES
Single-Family 44.8
Townhomes 4.3
Small Apt. Buildings 10.6
Apt. Complexes 24.8
Mobile Homes 15.4
Other 0.0

Home Size

SIZE OF Hiawatha HOMES
No Bedroom 3.26
1 Bedroom 9.82
2 Bedrooms 39.63
3 Bedrooms 33.16
4 Bedrooms 10.22
5 or more bedrooms 3.90

Popular Neighborhoods in Hiawatha

Zip Codes in Hiawatha, IA