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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 75,233 people, 30,544 houses or apartments, and a median cost of homes of $368,911, 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 40.97% of the city's housing units. Other types of housing that are prevalent in Iowa City include large apartment complexes or high rise apartments ( 40.38%), row houses and other attached homes ( 8.53%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.58%).
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 2000 and later ( 27.93%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.24%). There's also some housing in Iowa City built before 1939 ( 12.37%).
Iowa City's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Iowa City during the period has been just 4.91%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Iowa City's appreciation rate, at 8.79%, has been at or slightly above the national average. In the latest quarter, Iowa City's appreciation rate has been 5.13%, which annualizes to a rate of 22.16%.
Importantly, this makes Iowa City one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Iowa, our data show that Iowa City's latest annual appreciation rate is higher 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.
$368,911
for Iowa
for nation
30,544
$1,416 / per month