Shenandoah, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Shenandoah, IA Real Estate Data


Shenandoah Housing Market Information

With a population of 5,021, 2,180 total housing units (homes and apartments), and a median house value of $87,681, house prices in Shenandoah are some of the most affordable in Iowa as well as the nation.

Single-family detached homes are the single most common housing type in Shenandoah, accounting for 81.96% of the city's housing units. Other types of housing that are prevalent in Shenandoah include large apartment complexes or high rise apartments ( 11.84%), duplexes, homes converted to apartments or other small apartment buildings ( 4.31%), and a few mobile homes or trailers ( 1.37%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Shenandoah. Owner-occupied housing accounts for 67.22% of Shenandoah's homes, and 52.44% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Shenandoah's housing was primarily built during this period, from the '40s through the '60s. A full 46.68% of the city's housing hails from this era. Other housing ages represented in Shenandoah include homes built before 1939 ( 34.11%) and housing constructed between 1970-1999 ( 15.99%). There's also some housing in Shenandoah built between 2000 and later ( 3.22%).

Vacant housing appears to be an issue in Shenandoah. Fully 12.20% of the housing stock is classified as vacant. Left unchecked, vacant Shenandoah homes and apartments can be a drag on the real estate market, holding Shenandoah 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.

Shenandoah Home Appreciation Rates

Real estate appreciation rates in Shenandoah's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.14% during the period.

Over the last year, Shenandoah appreciation rates have trailed the rest of the nation. In the last twelve months, Shenandoah's appreciation rate has been 4.29%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Shenandoah were at -0.32%, which equates to an annual appreciation rate of -1.26%.

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

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

Average Home Values

 

Median Home Value:
$87,681

Shenandoah, IA HOME PRICES

Value Range
> $1,059,000 0.0
$794,001 - $1,059,000 0.4
$529,001 - $794,000 0.0
$423,001 - $529,000 0.2
$318,001 - $423,000 0.8
$212,001 - $318,000 5.1
$106,001 - $212,000 25.1
$53,001 - $106,000 42.2
$0 - $53,000 26.2

Very Low for IA
Very Low for Nation

Value Relative to Nation Value Relative to State
86.742402061252 88.641975308642

Number Of Homes And Apartments:
2,180

Rent & Ownership

 

Average Market Rent:
$702 / per month

Homeownership Rate

Homeownership
Owners 67.22
Renters 32.78
Vacant 12.20

Housing Market Details

 

Age of Homes

AGE OF Shenandoah HOMES
2000 or Newer 3.2
1970 - 1999 16.0
1940 - 1969 46.7
1939 or Older 34.1

Types of Homes

TYPE OF Shenandoah HOMES
Single-Family 82.0
Townhomes 0.5
Small Apt. Buildings 4.3
Apt. Complexes 11.8
Mobile Homes 1.4
Other 0.0

Home Size

SIZE OF Shenandoah HOMES
No Bedroom 1.69
1 Bedroom 11.44
2 Bedrooms 31.01
3 Bedrooms 41.48
4 Bedrooms 10.95
5 or more bedrooms 3.42

Shenandoah 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
16.57% 0.91% 1 2
* 10 is highest

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