Iowa City, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Iowa City Neighborhoods Since 2000




Iowa City, 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

Iowa City Housing Market Information

With 74,220 people, 28,985 houses or apartments, and a median cost of homes of $226,837, Iowa City real estate is some of the most expensive in Iowa, although Iowa City home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Iowa City, accounting for 42.52% of the city's housing units. Other types of housing that are prevalent in Iowa City include large apartment complexes or high rise apartments ( 36.53%), row houses and other attached homes ( 9.72%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.68%).

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

There is a lot of housing in Iowa City 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 Iowa City built between 1940-1969 ( 22.97%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.35%). There's also some housing in Iowa City built before 1939 ( 14.55%).

Iowa City Home Appreciation Rates

In the last 10 years, Iowa City has experienced some of the highest home appreciation rates of any community in the nation. Iowa City real estate appreciated 16.24% over the last ten years, which is an average annual home appreciation rate of 1.52%, putting Iowa City in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Iowa City 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, Iowa City's appreciation rate, at 3.40%, has been at or slightly above the national average. In the latest quarter, Iowa City's appreciation rate has been -0.26%, which annualizes to a rate of -1.05%.

Relative to Iowa, our data show that Iowa City's latest annual appreciation rate is lower than 60% 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 Iowa City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Iowa City - 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 Iowa City real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$226,837

Iowa City, IA HOME PRICES

Value Range
> $1,105,000 1.8
$829,001 - $1,105,000 0.9
$553,001 - $829,000 4.3
$442,001 - $553,000 5.3
$332,001 - $442,000 8.9
$221,001 - $332,000 30.3
$110,001 - $221,000 35.3
$55,001 - $110,000 7.7
$0 - $55,000 5.6

Very High for IA
High for Nation

Value Relative to Nation Value Relative to State
26.3887261221141 6.79012345679012

Number Of Homes And Apartments:
28,985

Iowa City 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
49.38% 2.35% 6 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,130 / per month

Homeownership Rate

Homeownership
Owners 43.16
Renters 56.84
Vacant 4.21

Housing Market Details

 

Age of Homes

AGE OF Iowa City HOMES
2000 or Newer 16.3
1970 - 1999 46.1
1940 - 1969 23.0
1939 or Older 14.6

Types of Homes

TYPE OF Iowa City HOMES
Single-Family 42.5
Townhomes 9.7
Small Apt. Buildings 8.7
Apt. Complexes 36.5
Mobile Homes 2.5
Other 0.0

Home Size

SIZE OF Iowa City HOMES
No Bedroom 2.84
1 Bedroom 13.56
2 Bedrooms 31.32
3 Bedrooms 31.41
4 Bedrooms 15.25
5 or more bedrooms 5.62