Hiawatha, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Hiawatha, IA Real Estate Data


Hiawatha Housing Market Information

With 7,199 people, 3,034 houses or apartments, and a median cost of homes of $152,624, Hiawatha real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Hiawatha, accounting for 45.37% of the city's housing units. Other types of housing that are prevalent in Hiawatha include large apartment complexes or high rise apartments ( 24.95%), mobile homes or trailers ( 14.84%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.73%).

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 ( 25.60%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.83%).

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 5.31%, which ranks in the top 50% nationwide. This equates to an annual average Hiawatha house appreciation rate of 0.52%.

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 2.90%, 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 1.01%, which equates to an annual appreciation rate of 4.09%.

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

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:
$152,624

Hiawatha, IA HOME PRICES

Value Range
> $1,045,000 0.8
$784,001 - $1,045,000 0.5
$522,001 - $784,000 1.0
$418,001 - $522,000 1.4
$314,001 - $418,000 4.1
$209,001 - $314,000 23.8
$105,001 - $209,000 35.3
$52,001 - $105,000 11.3
$0 - $52,000 21.8

High for IA
Average for Nation

Value Relative to Nation Value Relative to State
49.6457223165661 29.8765432098765

Number Of Homes And Apartments:
3,034

Rent & Ownership

 

Average Market Rent:
$710 / per month

Homeownership Rate

Homeownership
Owners 60.52
Renters 39.48
Vacant 5.98

Housing Market Details

 

Age of Homes

AGE OF Hiawatha HOMES
2000 or Newer 16.8
1970 - 1999 56.7
1940 - 1969 25.6
1939 or Older 0.9

Types of Homes

TYPE OF Hiawatha HOMES
Single-Family 45.4
Townhomes 5.1
Small Apt. Buildings 9.7
Apt. Complexes 24.9
Mobile Homes 14.8
Other 0.0

Home Size

SIZE OF Hiawatha HOMES
No Bedroom 3.41
1 Bedroom 8.83
2 Bedrooms 39.39
3 Bedrooms 34.55
4 Bedrooms 10.60
5 or more bedrooms 3.22

Hiawatha 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
22.81% 1.22% 1 2
* 10 is highest

Popular Neighborhoods in Hiawatha

Zip Codes in Hiawatha, IA