Perry, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Perry Neighborhoods Since 2000




Perry, 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

Perry Housing Market Information

With 8,089 people, 2,769 houses or apartments, and a median cost of homes of $109,702, 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 72.74% of the city's housing units. Other types of housing that are prevalent in Perry include large apartment complexes or high rise apartments ( 10.90%), duplexes, homes converted to apartments or other small apartment buildings ( 8.79%), and a few row houses and other attached homes ( 5.76%).

The most prevalent building size and type in Perry are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.49% owning and 38.51% renting.

The housing in Perry was primarily built before 1939 ( 38.35%), 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 ( 33.80%), followed by between 1970-1999 ( 20.97%). There's also some housing in Perry built between 2000 and later ( 6.88%).

Vacant housing appears to be an issue in Perry. Fully 13.74% of the housing stock is classified as vacant. Left unchecked, vacant Perry homes and apartments can be a drag on the real estate market, holding Perry real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Perry Home Appreciation Rates

Real estate appreciation rates in Perry's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.62% during the period.

NeighborhoodScout's data show that during the latest twelve months, Perry's appreciation rate, at 3.73%, has been at or slightly above the national average. In the latest quarter, Perry's appreciation rate has been 1.37%, which annualizes to a rate of 5.58%.

Relative to Iowa, our data show that Perry's latest annual appreciation rate is lower than 50% of the other cities and towns in Iowa.

Average Home Values

 

Median Home Value:
$109,702

Perry, IA HOME PRICES

Value Range
> $1,084,000 0.0
$813,001 - $1,084,000 0.4
$542,001 - $813,000 0.4
$434,001 - $542,000 1.0
$325,001 - $434,000 0.5
$216,001 - $325,000 5.3
$108,001 - $216,000 28.4
$54,001 - $108,000 54.1
$0 - $54,000 10.0

Low for IA
Low for Nation

Value Relative to Nation Value Relative to State
71.5867807336224 65.1851851851852

Number Of Homes And Apartments:
2,769

Perry 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
12.57% 0.69% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$891 / per month

Homeownership Rate

Homeownership
Owners 61.49
Renters 38.51
Vacant 13.74

Housing Market Details

 

Age of Homes

AGE OF Perry HOMES
2000 or Newer 6.9
1970 - 1999 21.0
1940 - 1969 33.8
1939 or Older 38.3

Types of Homes

TYPE OF Perry HOMES
Single-Family 72.7
Townhomes 5.8
Small Apt. Buildings 8.8
Apt. Complexes 10.9
Mobile Homes 1.8
Other 0.0

Home Size

SIZE OF Perry HOMES
No Bedroom 0.65
1 Bedroom 12.46
2 Bedrooms 31.18
3 Bedrooms 37.35
4 Bedrooms 14.98
5 or more bedrooms 3.36