Tama, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Tama, IA Real Estate Data


Tama Housing Market Information

With 2,819 people, 1,084 houses or apartments, and a median cost of homes of $80,192, house prices in Tama 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 Tama, accounting for 78.36% of the city's housing units. Other types of housing that are prevalent in Tama include large apartment complexes or high rise apartments ( 8.28%), duplexes, homes converted to apartments or other small apartment buildings ( 7.54%), and a few mobile homes or trailers ( 2.95%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Tama. Owner-occupied housing accounts for 73.06% of Tama's homes, and 58.69% have either three or four bedrooms, which is average sized relative to America.

The housing in Tama was primarily built before 1939 ( 42.79%), making the housing stock in Tama some of the oldest overall in America, although there is a range of ages of homes in Tama. The next most important housing age is between 1940-1969 ( 26.97%), followed by between 1970-1999 ( 22.46%). There's also some housing in Tama built between 2000 and later ( 7.79%).

Vacant housing appears to be an issue in Tama. Fully 11.15% of the housing stock is classified as vacant. Left unchecked, vacant Tama homes and apartments can be a drag on the real estate market, holding Tama 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.

Tama Home Appreciation Rates

Appreciation rates for homes in Tama have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.71%, which ranks in the top 40% nationwide. This equates to an annual average Tama house appreciation rate of 0.56%.

Over the last year, Tama appreciation rates have trailed the rest of the nation. In the last twelve months, Tama's appreciation rate has been 1.10%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Tama were at -0.55%, which equates to an annual appreciation rate of -2.20%.

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

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

Average Home Values

 

Median Home Value:
$80,192

Tama, IA HOME PRICES

Value Range
> $1,064,000 0.0
$798,001 - $1,064,000 0.0
$532,001 - $798,000 0.8
$426,001 - $532,000 0.0
$319,001 - $426,000 0.8
$213,001 - $319,000 2.6
$106,001 - $213,000 26.6
$53,001 - $106,000 42.7
$0 - $53,000 26.5

Very Low for IA
Very Low for Nation

Value Relative to Nation Value Relative to State
90.2203211062932 91.358024691358

Number Of Homes And Apartments:
1,084

Rent & Ownership

 

Average Market Rent:
$754 / per month

Homeownership Rate

Homeownership
Owners 73.06
Renters 26.94
Vacant 11.15

Housing Market Details

 

Age of Homes

AGE OF Tama HOMES
2000 or Newer 7.8
1970 - 1999 22.5
1940 - 1969 27.0
1939 or Older 42.8

Types of Homes

TYPE OF Tama HOMES
Single-Family 78.4
Townhomes 2.9
Small Apt. Buildings 7.5
Apt. Complexes 8.3
Mobile Homes 3.0
Other 0.0

Home Size

SIZE OF Tama HOMES
No Bedroom 0.00
1 Bedroom 9.34
2 Bedrooms 26.31
3 Bedrooms 37.95
4 Bedrooms 20.74
5 or more bedrooms 5.66

Tama Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IA*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
35.49% 1.78% 3 4
* 10 is highest

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