Muscatine, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Muscatine, IA Real Estate Data


Muscatine Housing Market Information

With 23,968 people, 9,413 houses or apartments, and a median cost of homes of $120,620, house prices in Muscatine are solidly below the national average.

Single-family detached homes are the single most common housing type in Muscatine, accounting for 69.81% of the city's housing units. Other types of housing that are prevalent in Muscatine include large apartment complexes or high rise apartments ( 12.31%), duplexes, homes converted to apartments or other small apartment buildings ( 9.18%), and a few mobile homes or trailers ( 7.02%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Muscatine. Owner-occupied housing accounts for 67.88% of Muscatine's homes, and 51.70% have either three or four bedrooms, which is average sized relative to America.

The housing in Muscatine was primarily built before 1939 ( 38.10%), making the housing stock in Muscatine some of the oldest overall in America, although there is a range of ages of homes in Muscatine. The next most important housing age is between 1970-1999 ( 27.84%), followed by between 1940-1969 ( 25.27%). There's also some housing in Muscatine built between 2000 and later ( 8.78%).

Muscatine Home Appreciation Rates

Appreciation rates for homes in Muscatine have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.12%, which ranks in the top 50% nationwide. This equates to an annual average Muscatine house appreciation rate of 0.60%.

Over the last year, Muscatine appreciation rates have trailed the rest of the nation. In the last twelve months, Muscatine's appreciation rate has been 3.84%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Muscatine were at -0.32%, which equates to an annual appreciation rate of -1.26%.

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

Relative to Iowa, our data show that Muscatine's latest annual appreciation rate is lower 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 Muscatine differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Muscatine - 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 Muscatine real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$120,620

Muscatine, IA HOME PRICES

Value Range
> $1,108,000 0.0
$831,001 - $1,108,000 0.2
$554,001 - $831,000 0.3
$443,001 - $554,000 0.2
$333,001 - $443,000 2.9
$222,001 - $333,000 8.0
$111,001 - $222,000 38.3
$55,001 - $111,000 35.9
$0 - $55,000 14.2

Average for IA
Low for Nation

Value Relative to Nation Value Relative to State
65.9834865608713 54.5679012345679

Number Of Homes And Apartments:
9,413

Rent & Ownership

 

Average Market Rent:
$887 / per month

Homeownership Rate

Homeownership
Owners 67.88
Renters 32.12
Vacant 9.23

Housing Market Details

 

Age of Homes

AGE OF Muscatine HOMES
2000 or Newer 8.8
1970 - 1999 27.8
1940 - 1969 25.3
1939 or Older 38.1

Types of Homes

TYPE OF Muscatine HOMES
Single-Family 69.8
Townhomes 1.7
Small Apt. Buildings 9.2
Apt. Complexes 12.3
Mobile Homes 7.0
Other 0.0

Home Size

SIZE OF Muscatine HOMES
No Bedroom 2.68
1 Bedroom 9.65
2 Bedrooms 34.15
3 Bedrooms 37.08
4 Bedrooms 14.62
5 or more bedrooms 1.82

Muscatine 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
26.85% 1.41% 1 3
* 10 is highest