Sioux City, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Sioux City Neighborhoods Since 2000




Sioux City, 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

Sioux City Housing Market Information

With a population of 82,821, 31,261 total housing units (homes and apartments), and a median house value of $104,319, house prices in Sioux City are solidly below the national average.

Single-family detached homes are the single most common housing type in Sioux City, accounting for 71.09% of the city's housing units. Other types of housing that are prevalent in Sioux City include large apartment complexes or high rise apartments ( 15.57%), duplexes, homes converted to apartments or other small apartment buildings ( 7.31%), and a few row houses and other attached homes ( 3.41%).

The most prevalent building size and type in Sioux City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.79% owning and 38.21% renting.

The housing in Sioux City was primarily built before 1939 ( 34.98%), making the housing stock in Sioux City some of the oldest overall in America, although there is a range of ages of homes in Sioux City. The next most important housing age is between 1940-1969 ( 31.70%), followed by between 1970-1999 ( 27.26%). There's also some housing in Sioux City built between 2000 and later ( 6.07%).

Sioux City Home Appreciation Rates

In the last 10 years, Sioux City has experienced some of the highest home appreciation rates of any community in the nation. Sioux City real estate appreciated 22.78% over the last ten years, which is an average annual home appreciation rate of 2.07%, putting Sioux City in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Sioux City definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Sioux City's appreciation rate, at 4.06%, has been at or slightly above the national average. In the latest quarter, Sioux City's appreciation rate has been 1.68%, which annualizes to a rate of 6.88%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Sioux City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sioux City - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Sioux City real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$104,319

Sioux City, IA HOME PRICES

Value Range
> $1,159,000 0.1
$869,001 - $1,159,000 0.2
$579,001 - $869,000 0.2
$464,001 - $579,000 0.6
$348,001 - $464,000 1.5
$232,001 - $348,000 6.4
$116,001 - $232,000 31.0
$58,001 - $116,000 45.7
$0 - $58,000 14.3

Low for IA
Low for Nation

Value Relative to Nation Value Relative to State
74.7216688151881 70.8641975308642

Number Of Homes And Apartments:
31,261

Sioux City 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
36.21% 1.81% 3 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$863 / per month

Homeownership Rate

Homeownership
Owners 61.79
Renters 38.21
Vacant 6.50

Housing Market Details

 

Age of Homes

AGE OF Sioux City HOMES
2000 or Newer 6.1
1970 - 1999 27.3
1940 - 1969 31.7
1939 or Older 35.0

Types of Homes

TYPE OF Sioux City HOMES
Single-Family 71.1
Townhomes 3.4
Small Apt. Buildings 7.3
Apt. Complexes 15.6
Mobile Homes 2.6
Other 0.0

Home Size

SIZE OF Sioux City HOMES
No Bedroom 1.85
1 Bedroom 14.78
2 Bedrooms 31.49
3 Bedrooms 34.34
4 Bedrooms 14.49
5 or more bedrooms 3.06