Pella, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Pella Neighborhoods Since 2000




Pella, 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

Pella Housing Market Information

With 10,362 people, 3,776 houses or apartments, and a median cost of homes of $184,176, Pella real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Pella, accounting for 67.26% of the city's housing units. Other types of housing that are prevalent in Pella include large apartment complexes or high rise apartments ( 19.01%), duplexes, homes converted to apartments or other small apartment buildings ( 8.51%), and a few row houses and other attached homes ( 3.84%).

The most prevalent building size and type in Pella are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.97% owning and 46.03% renting.

There is a lot of housing in Pella 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 Pella built between 1940-1969 ( 24.56%). A lesser amount of the housing stock also hails from before 1939 ( 20.20%). There's also some housing in Pella built between 2000 and later ( 16.23%).

Pella Home Appreciation Rates

Appreciation rates for homes in Pella have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.96%, which ranks in the top 30% nationwide. This equates to an annual average Pella house appreciation rate of 1.14%.

Over the last year, Pella appreciation rates have trailed the rest of the nation. In the last twelve months, Pella's appreciation rate has been 2.72%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pella were at 0.99%, which equates to an annual appreciation rate of 4.00%.

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

Average Home Values

 

Median Home Value:
$184,176

Pella, IA HOME PRICES

Value Range
> $1,096,000 0.6
$822,001 - $1,096,000 0.0
$548,001 - $822,000 0.2
$438,001 - $548,000 0.6
$329,001 - $438,000 3.5
$219,001 - $329,000 17.1
$110,001 - $219,000 61.5
$55,001 - $110,000 11.2
$0 - $55,000 5.2

Very High for IA
High for Nation

Value Relative to Nation Value Relative to State
36.65182233681 16.0493827160494

Number Of Homes And Apartments:
3,776

Pella 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
31.00% 1.58% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$972 / per month

Homeownership Rate

Homeownership
Owners 53.97
Renters 46.03
Vacant 4.67

Housing Market Details

 

Age of Homes

AGE OF Pella HOMES
2000 or Newer 16.2
1970 - 1999 39.0
1940 - 1969 24.6
1939 or Older 20.2

Types of Homes

TYPE OF Pella HOMES
Single-Family 67.3
Townhomes 3.8
Small Apt. Buildings 8.5
Apt. Complexes 19.0
Mobile Homes 1.4
Other 0.0

Home Size

SIZE OF Pella HOMES
No Bedroom 1.74
1 Bedroom 11.41
2 Bedrooms 28.76
3 Bedrooms 32.47
4 Bedrooms 21.26
5 or more bedrooms 4.37

Zip Codes in Pella, IA