Sloan, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Sloan Neighborhoods Since 2000




Sloan, 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

Sloan Housing Market Information

With 979 people, 421 houses or apartments, and a median cost of homes of $145,271, Sloan real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Sloan, accounting for 80.55% of the city's housing units. Other types of housing that are prevalent in Sloan include large apartment complexes or high rise apartments ( 10.99%), duplexes, homes converted to apartments or other small apartment buildings ( 7.61%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sloan. Owner-occupied housing accounts for 70.31% of Sloan's homes, and 66.60% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Sloan 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 Sloan built before 1939 ( 26.43%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.41%). There's also some housing in Sloan built between 2000 and later ( 2.96%).

Vacant housing appears to be an issue in Sloan. Fully 10.99% of the housing stock is classified as vacant. Left unchecked, vacant Sloan homes and apartments can be a drag on the real estate market, holding Sloan 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.

Sloan Home Appreciation Rates

In the last 10 years, Sloan has experienced some of the highest home appreciation rates of any community in the nation. Sloan real estate appreciated 44.13% over the last ten years, which is an average annual home appreciation rate of 3.72%, putting Sloan in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Sloan definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Sloan that despite a nationwide downturn in the housing market, Sloan real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Sloan appreciation rates continue to be some of the highest in America, at 6.08%, which is higher than appreciation rates in 74.80% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Sloan. Sloan appreciation rates in the latest quarter were at 1.68%, which equates to an annual appreciation rate of 6.88%.

Relative to Iowa, our data show that Sloan's latest annual appreciation rate is higher than 90% of the other cities and towns in Iowa.

Average Home Values

 

Median Home Value:
$145,271

Sloan, IA HOME PRICES

Value Range
> $1,177,000 0.1
$882,001 - $1,177,000 2.1
$588,001 - $882,000 0.7
$471,001 - $588,000 1.2
$353,001 - $471,000 4.4
$235,001 - $353,000 10.9
$118,001 - $235,000 43.4
$58,001 - $118,000 27.4
$0 - $58,000 9.9

High for IA
Average for Nation

Value Relative to Nation Value Relative to State
52.0332825500996 34.320987654321

Number Of Homes And Apartments:
421

Sloan 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
63.91% 2.91% 9 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$698 / per month

Homeownership Rate

Homeownership
Owners 70.31
Renters 29.69
Vacant 10.99

Housing Market Details

 

Age of Homes

AGE OF Sloan HOMES
2000 or Newer 3.0
1970 - 1999 48.2
1940 - 1969 22.4
1939 or Older 26.4

Types of Homes

TYPE OF Sloan HOMES
Single-Family 80.5
Townhomes 0.0
Small Apt. Buildings 7.6
Apt. Complexes 11.0
Mobile Homes 0.8
Other 0.0

Home Size

SIZE OF Sloan HOMES
No Bedroom 0.85
1 Bedroom 9.09
2 Bedrooms 19.66
3 Bedrooms 41.65
4 Bedrooms 24.95
5 or more bedrooms 3.81

Popular Neighborhoods in Sloan

Popular Communities Near Sloan, IA

Zip Codes in Sloan, IA