Keokuk, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Keokuk Neighborhoods Since 2000




Keokuk, IA Real Estate Data


Keokuk Housing Market Information

With 10,609 people, 4,356 houses or apartments, and a median cost of homes of $78,370, house prices in Keokuk are some of the most affordable in Iowa as well as the nation.

Single-family detached homes are the single most common housing type in Keokuk, accounting for 71.85% of the city's housing units. Other types of housing that are prevalent in Keokuk include large apartment complexes or high rise apartments ( 12.99%), duplexes, homes converted to apartments or other small apartment buildings ( 9.83%), and a few row houses and other attached homes ( 3.21%).

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

The housing in Keokuk was primarily built before 1939 ( 45.06%), making the housing stock in Keokuk some of the oldest overall in America, although there is a range of ages of homes in Keokuk. The next most important housing age is between 1940-1969 ( 30.51%), followed by between 1970-1999 ( 19.57%). There's also some housing in Keokuk built between 2000 and later ( 4.86%).

Vacant housing appears to be an issue in Keokuk. Fully 12.11% of the housing stock is classified as vacant. Left unchecked, vacant Keokuk homes and apartments can be a drag on the real estate market, holding Keokuk 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.

Keokuk Home Appreciation Rates

Appreciation rates for homes in Keokuk have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 15.07%, which ranks in the top 30% nationwide. This equates to an annual average Keokuk house appreciation rate of 1.41%.

Over the last year, Keokuk appreciation rates have trailed the rest of the nation. In the last twelve months, Keokuk's appreciation rate has been 3.50%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Keokuk were at -0.32%, which equates to an annual appreciation rate of -1.26%.

Notably, Keokuk's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$78,370

Keokuk, IA HOME PRICES

Value Range
> $1,117,000 0.0
$838,001 - $1,117,000 0.0
$559,001 - $838,000 0.6
$447,001 - $559,000 0.0
$335,001 - $447,000 3.3
$224,001 - $335,000 3.6
$112,001 - $224,000 16.2
$56,001 - $112,000 40.9
$0 - $56,000 35.6

Very Low for IA
Very Low for Nation

Value Relative to Nation Value Relative to State
92.0712068864555 95.5555555555556

Number Of Homes And Apartments:
4,356

Rent & Ownership

 

Average Market Rent:
$713 / per month

Homeownership Rate

Homeownership
Owners 61.30
Renters 38.70
Vacant 12.11

Housing Market Details

 

Age of Homes

AGE OF Keokuk HOMES
2000 or Newer 4.9
1970 - 1999 19.6
1940 - 1969 30.5
1939 or Older 45.1

Types of Homes

TYPE OF Keokuk HOMES
Single-Family 71.9
Townhomes 3.2
Small Apt. Buildings 9.8
Apt. Complexes 13.0
Mobile Homes 2.1
Other 0.0

Home Size

SIZE OF Keokuk HOMES
No Bedroom 1.47
1 Bedroom 19.49
2 Bedrooms 29.24
3 Bedrooms 31.48
4 Bedrooms 13.74
5 or more bedrooms 4.58

Keokuk 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
32.51% 1.67% 2 3
* 10 is highest