Iowa Falls, IA


Highest Appreciating Iowa Falls Neighborhoods Since 2000

Iowa Falls, 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 Falls Housing Market Information

With 5,195 people, 2,044 houses or apartments, and a median cost of homes of $120,499, house prices in Iowa Falls are solidly below the national average.

Single-family detached homes are the single most common housing type in Iowa Falls, accounting for 72.17% of the city's housing units. Other types of housing that are prevalent in Iowa Falls include duplexes, homes converted to apartments or other small apartment buildings ( 16.91%), large apartment complexes or high rise apartments ( 8.91%), and a few row houses and other attached homes ( 1.15%).

The most prevalent building size and type in Iowa Falls are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.58% owning and 39.42% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Iowa Falls's housing was primarily built during this period, from the '40s through the '60s. A full 40.15% of the city's housing hails from this era. Other housing ages represented in Iowa Falls include homes built before 1939 ( 31.61%) and housing constructed between 1970-1999 ( 27.01%). There's also some housing in Iowa Falls built between 2000 and later ( 1.23%).

Vacant housing appears to be an issue in Iowa Falls. Fully 16.09% of the housing stock is classified as vacant. Left unchecked, vacant Iowa Falls homes and apartments can be a drag on the real estate market, holding Iowa Falls real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Iowa Falls Home Appreciation Rates

In the last 10 years, Iowa Falls has experienced some of the highest home appreciation rates of any community in the nation. Iowa Falls real estate appreciated 21.65% over the last ten years, which is an average annual home appreciation rate of 1.98%, putting Iowa Falls in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Iowa Falls definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Iowa Falls appreciation rates have trailed the rest of the nation. In the last twelve months, Iowa Falls's appreciation rate has been 2.96%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Iowa Falls were at 0.99%, which equates to an annual appreciation rate of 4.00%.

Relative to Iowa, our data show that Iowa Falls's latest annual appreciation rate is lower than 70% of the other cities and towns in Iowa.

Average Home Values


Median Home Value:


Value Range
> $1,155,000 0.6
$866,001 - $1,155,000 0.0
$577,001 - $866,000 1.1
$462,001 - $577,000 1.4
$347,001 - $462,000 3.1
$231,001 - $347,000 7.2
$115,001 - $231,000 33.8
$58,001 - $115,000 39.5
$0 - $58,000 13.3

Average for IA
Low for Nation

Value Relative to Nation Value Relative to State
65.1177780382046 53.0864197530864

Number Of Homes And Apartments:

Iowa Falls Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
42.24% 2.06% 4 5
* 10 is highest

Rent & Ownership


Average Market Rent:
$810 / per month

Homeownership Rate

Owners 60.58
Renters 39.42
Vacant 16.09

Housing Market Details


Age of Homes

2000 or Newer 1.2
1970 - 1999 27.0
1940 - 1969 40.1
1939 or Older 31.6

Types of Homes

Single-Family 72.2
Townhomes 1.1
Small Apt. Buildings 16.9
Apt. Complexes 8.9
Mobile Homes 0.9
Other 0.0

Home Size

No Bedroom 3.12
1 Bedroom 13.59
2 Bedrooms 28.45
3 Bedrooms 40.72
4 Bedrooms 12.77
5 or more bedrooms 1.35

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