Johnston, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Johnston Neighborhoods Since 2000




Johnston, IA Real Estate Data


Johnston Housing Market Information

With 20,871 people, 7,211 houses or apartments, and a median cost of homes of $259,586, Johnston real estate is some of the most expensive in Iowa, although Johnston home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Johnston, accounting for 64.81% of the city's housing units. Other types of housing that are prevalent in Johnston include row houses and other attached homes ( 15.73%), large apartment complexes or high rise apartments ( 14.63%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.83%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Johnston. Owner-occupied housing accounts for 76.66% of Johnston's homes, and 60.26% have either three or four bedrooms, which is average sized relative to America.

Johnston homes and real estate are some of the newest in America. 47.81% of Johnston's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Johnston real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 43.12%), and between 1940-1969 ( 6.23%). There's also some housing in Johnston built before 1939 ( 2.84%).

Johnston Home Appreciation Rates

Appreciation rates for homes in Johnston have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.12%, which ranks in the top 40% nationwide. This equates to an annual average Johnston house appreciation rate of 0.78%.

NeighborhoodScout's data show that during the latest twelve months, Johnston's appreciation rate, at 4.63%, has been at or slightly above the national average. In the latest quarter, Johnston's appreciation rate has been 2.05%, which annualizes to a rate of 8.47%.

Relative to Iowa, our data show that Johnston's latest annual appreciation rate is higher than 60% of the other cities and towns in Iowa.

Average Home Values

 

Median Home Value:
$259,586

Johnston, IA HOME PRICES

Value Range
> $1,117,000 0.5
$838,001 - $1,117,000 0.6
$558,001 - $838,000 2.7
$447,001 - $558,000 8.2
$335,001 - $447,000 13.2
$223,001 - $335,000 36.2
$111,001 - $223,000 34.0
$56,001 - $111,000 1.4
$0 - $56,000 3.1

Very High for IA
High for Nation

Value Relative to Nation Value Relative to State
21.6665690695087 2.22222222222222

Number Of Homes And Apartments:
7,211

Rent & Ownership

 

Average Market Rent:
$1,254 / per month

Homeownership Rate

Homeownership
Owners 76.66
Renters 23.34
Vacant 2.53

Housing Market Details

 

Age of Homes

AGE OF Johnston HOMES
2000 or Newer 47.8
1970 - 1999 43.1
1940 - 1969 6.2
1939 or Older 2.8

Types of Homes

TYPE OF Johnston HOMES
Single-Family 64.8
Townhomes 15.7
Small Apt. Buildings 4.8
Apt. Complexes 14.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Johnston HOMES
No Bedroom 1.62
1 Bedroom 6.83
2 Bedrooms 21.90
3 Bedrooms 31.49
4 Bedrooms 28.76
5 or more bedrooms 9.39

Johnston 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
24.11% 1.28% 1 2
* 10 is highest