North Liberty, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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North Liberty, 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

North Liberty Housing Market Information

With a population of 15,931, 5,906 total housing units (homes and apartments), and a median house value of $249,495, North Liberty real estate is some of the most expensive in Iowa, although North Liberty home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in North Liberty, accounting for 35.16% of the city's housing units. Other types of housing that are prevalent in North Liberty include row houses and other attached homes ( 29.43%), large apartment complexes or high rise apartments ( 23.86%), and a few mobile homes or trailers ( 8.35%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in North Liberty. Owner-occupied housing accounts for 68.17% of North Liberty's homes, and 57.98% have either three or four bedrooms, which is average sized relative to America.

North Liberty homes and real estate are some of the newest in America. 69.61% of North Liberty'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 North Liberty real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 27.37%), and between 1940-1969 ( 1.98%). There's also some housing in North Liberty built before 1939 ( 1.04%).

North Liberty Home Appreciation Rates

Appreciation rates for homes in North Liberty have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.69%, which ranks in the top 30% nationwide. This equates to an annual average North Liberty house appreciation rate of 1.11%.

Over the last year, North Liberty appreciation rates have trailed the rest of the nation. In the last twelve months, North Liberty's appreciation rate has been 3.09%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in North Liberty were at -0.26%, which equates to an annual appreciation rate of -1.05%.

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

Average Home Values

 

Median Home Value:
$249,495

North Liberty, IA HOME PRICES

Value Range
> $1,093,000 0.7
$820,001 - $1,093,000 0.6
$546,001 - $820,000 3.0
$437,001 - $546,000 5.3
$328,001 - $437,000 12.1
$218,001 - $328,000 29.6
$109,001 - $218,000 28.8
$55,001 - $109,000 8.8
$0 - $55,000 11.1

Very High for IA
High for Nation

Value Relative to Nation Value Relative to State
22.594632602836 3.20987654320988

Number Of Homes And Apartments:
5,906

North Liberty Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IA*
Compared To
America*
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
41.84% 2.05% 4 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,421 / per month

Homeownership Rate

Homeownership
Owners 68.17
Renters 31.83
Vacant 4.19

Housing Market Details

 

Age of Homes

AGE OF North Liberty HOMES
2000 or Newer 69.6
1970 - 1999 27.4
1940 - 1969 2.0
1939 or Older 1.0

Types of Homes

TYPE OF North Liberty HOMES
Single-Family 35.2
Townhomes 29.4
Small Apt. Buildings 3.2
Apt. Complexes 23.9
Mobile Homes 8.4
Other 0.0

Home Size

SIZE OF North Liberty HOMES
No Bedroom 0.45
1 Bedroom 4.04
2 Bedrooms 32.75
3 Bedrooms 40.04
4 Bedrooms 17.94
5 or more bedrooms 4.77

Popular Neighborhoods in North Liberty

Zip Codes in North Liberty, IA