Indianola, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Indianola, 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

Indianola Housing Market Information

With 15,467 people, 5,666 houses or apartments, and a median cost of homes of $174,508, Indianola 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 Indianola, accounting for 63.01% of the city's housing units. Other types of housing that are prevalent in Indianola include large apartment complexes or high rise apartments ( 21.56%), row houses and other attached homes ( 9.14%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.93%).

The most prevalent building size and type in Indianola are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.59% owning and 40.41% renting.

There is a lot of housing in Indianola 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 Indianola built between 1940-1969 ( 24.42%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.44%). There's also some housing in Indianola built before 1939 ( 14.23%).

Indianola Home Appreciation Rates

Appreciation rates for homes in Indianola have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.98%, which ranks in the top 40% nationwide. This equates to an annual average Indianola house appreciation rate of 0.49%.

NeighborhoodScout's data show that during the latest twelve months, Indianola's appreciation rate, at 4.18%, has been at or slightly above the national average. In the latest quarter, Indianola's appreciation rate has been 1.37%, which annualizes to a rate of 5.58%.

Relative to Iowa, our data show that Indianola's latest annual appreciation rate is higher 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 Indianola differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Indianola - 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 Indianola real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$174,508

Indianola, IA HOME PRICES

Value Range
> $1,101,000 0.0
$826,001 - $1,101,000 0.0
$551,001 - $826,000 0.3
$441,001 - $551,000 0.6
$330,001 - $441,000 3.8
$220,001 - $330,000 16.6
$110,001 - $220,000 61.5
$55,001 - $110,000 13.3
$0 - $55,000 3.7

High for IA
Average for Nation

Value Relative to Nation Value Relative to State
40.0328137817883 21.2345679012346

Number Of Homes And Apartments:
5,666

Indianola 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
29.45% 1.51% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$786 / per month

Homeownership Rate

Homeownership
Owners 59.59
Renters 40.41
Vacant 4.05

Housing Market Details

 

Age of Homes

AGE OF Indianola HOMES
2000 or Newer 19.4
1970 - 1999 41.9
1940 - 1969 24.4
1939 or Older 14.2

Types of Homes

TYPE OF Indianola HOMES
Single-Family 63.0
Townhomes 9.1
Small Apt. Buildings 3.9
Apt. Complexes 21.6
Mobile Homes 2.4
Other 0.0

Home Size

SIZE OF Indianola HOMES
No Bedroom 1.19
1 Bedroom 8.92
2 Bedrooms 36.78
3 Bedrooms 34.16
4 Bedrooms 15.99
5 or more bedrooms 2.96