Mount Pleasant, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Mount Pleasant, IA Real Estate Data


Mount Pleasant Housing Market Information

With 8,433 people, 3,047 houses or apartments, and a median cost of homes of $118,698, house prices in Mount Pleasant are solidly below the national average.

Single-family detached homes are the single most common housing type in Mount Pleasant, accounting for 69.82% of the city's housing units. Other types of housing that are prevalent in Mount Pleasant include duplexes, homes converted to apartments or other small apartment buildings ( 13.87%), large apartment complexes or high rise apartments ( 12.22%), and a few row houses and other attached homes ( 2.71%).

The most prevalent building size and type in Mount Pleasant are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.53% owning and 44.47% renting.

There is a lot of housing in Mount Pleasant 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 Mount Pleasant built between 1940-1969 ( 29.34%). A lesser amount of the housing stock also hails from before 1939 ( 23.83%). There's also some housing in Mount Pleasant built between 2000 and later ( 6.23%).

Mount Pleasant Home Appreciation Rates

Appreciation rates for homes in Mount Pleasant have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 16.62%, which ranks in the top 30% nationwide. This equates to an annual average Mount Pleasant house appreciation rate of 1.55%.

Over the last year, Mount Pleasant appreciation rates have trailed the rest of the nation. In the last twelve months, Mount Pleasant's appreciation rate has been 2.08%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mount Pleasant were at -0.32%, which equates to an annual appreciation rate of -1.26%.

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

Relative to Iowa, our data show that Mount Pleasant's latest annual appreciation rate is lower than 90% of the other cities and towns in Iowa.

Average Home Values

 

Median Home Value:
$118,698

Mount Pleasant, IA HOME PRICES

Value Range
> $1,104,000 0.7
$828,001 - $1,104,000 0.0
$552,001 - $828,000 0.7
$441,001 - $552,000 0.4
$331,001 - $441,000 1.5
$221,001 - $331,000 5.9
$110,001 - $221,000 45.0
$56,001 - $110,000 38.3
$0 - $56,000 7.6

Average for IA
Low for Nation

Value Relative to Nation Value Relative to State
67.1078058206945 56.7901234567901

Number Of Homes And Apartments:
3,047

Rent & Ownership

 

Average Market Rent:
$757 / per month

Homeownership Rate

Homeownership
Owners 55.53
Renters 44.47
Vacant 8.31

Housing Market Details

 

Age of Homes

AGE OF Mount Pleasant HOMES
2000 or Newer 6.2
1970 - 1999 40.6
1940 - 1969 29.3
1939 or Older 23.8

Types of Homes

TYPE OF Mount Pleasant HOMES
Single-Family 69.8
Townhomes 2.7
Small Apt. Buildings 13.9
Apt. Complexes 12.2
Mobile Homes 1.4
Other 0.0

Home Size

SIZE OF Mount Pleasant HOMES
No Bedroom 3.70
1 Bedroom 7.94
2 Bedrooms 30.79
3 Bedrooms 37.83
4 Bedrooms 13.90
5 or more bedrooms 5.84

Mount Pleasant 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
30.41% 1.57% 2 3
* 10 is highest

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Zip Codes in Mount Pleasant, IA