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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Perry, IA Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Perry, IA Housing Market Trends

With a population of 8,008, 3,188 total housing units (homes and apartments), and a median house value of $153,965, house prices in Perry are solidly below the national average.

Single-family detached homes are the single most common housing type in Perry, accounting for 73.72% of the city's housing units. Other types of housing that are prevalent in Perry include large apartment complexes or high rise apartments ( 8.31%), duplexes, homes converted to apartments or other small apartment buildings ( 7.80%), and a few row houses and other attached homes ( 5.30%).

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

The housing in Perry was primarily built before 1939 ( 36.96%), making the housing stock in Perry some of the oldest overall in America, although there is a range of ages of homes in Perry. The next most important housing age is between 1940-1969 ( 28.64%), followed by between 1970-1999 ( 23.52%). There's also some housing in Perry built between 2000 and later ( 10.88%).

Perry Home Appreciation Rates

Perry's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Perry during the period has been just 5.24%, which is lower than 70% of US communities.

Over the last year, Perry appreciation rates have trailed the rest of the nation. In the last twelve months, Perry's appreciation rate has been 4.42%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Perry were at -0.51%, which equates to an annual appreciation rate of -2.02%.

Relative to Iowa, our data show that Perry's latest annual appreciation rate is higher than 80% of the other cities and towns in Iowa.

Average Home Values

Median Home Value

$153,965

Perry, IA Home Prices
> $1,260,000
$945,001 - $1,260,000
$631,001 - $945,000
$504,001 - $631,000
$378,001 - $504,000
$252,001 - $378,000
$126,001 - $252,000
$63,001 - $126,000
$0 - $63,000
0.0%
0.0%
1.5%
1.5%
0.4%
0.4%
0.0%
0.0%
0.8%
0.8%
8.3%
8.3%
46.9%
46.9%
34.3%
34.3%
7.7%
7.7%
0% 100.0%
% of Homes
Low

for Iowa

Very Low

for nation

Number of Homes And Apartments:

3,188

Perry Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,113 / per month

Homeownership Rate

Owners
Renters
59.0%
59.0%
41.0%
41.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
9.2%
9.2%
90.8%
90.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
10.9%
10.9%
23.5%
23.5%
28.6%
28.6%
37.0%
37.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
73.7%
73.7%
5.3%
5.3%
7.8%
7.8%
8.3%
8.3%
4.9%
4.9%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.2%
1.2%
7.8%
7.8%
44.5%
44.5%
31.4%
31.4%
10.7%
10.7%
4.5%
4.5%
0% 100.0%
% of Homes

Popular Neighborhoods in Perry

Zip Codes in Perry, IA