Iowa, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Iowa Neighborhoods Since 2000




Iowa, LA 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

Iowa Housing Market Information

With 3,219 people, 1,184 houses or apartments, and a median cost of homes of $125,071, house prices in Iowa are solidly below the national average.

Single-family detached homes are the single most common housing type in Iowa, accounting for 71.01% of the town's housing units. Other types of housing that are prevalent in Iowa include mobile homes or trailers ( 13.10%), duplexes, homes converted to apartments or other small apartment buildings ( 12.26%), and a few large apartment complexes or high rise apartments ( 1.97%).

The most prevalent building size and type in Iowa are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 62.75% owning and 37.25% renting.

There is a lot of housing in Iowa 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 Iowa built between 2000 and later ( 27.55%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.29%). There's also some housing in Iowa built before 1939 ( 5.98%).

Vacant housing appears to be an issue in Iowa. Fully 10.37% of the housing stock is classified as vacant. Left unchecked, vacant Iowa homes and apartments can be a drag on the real estate market, holding Iowa 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.

Iowa Home Appreciation Rates

In the last 10 years, Iowa has experienced some of the highest home appreciation rates of any community in the nation. Iowa real estate appreciated 22.33% over the last ten years, which is an average annual home appreciation rate of 2.04%, putting Iowa in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Iowa 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, Iowa's appreciation rate, at 5.17%, has been at or slightly above the national average. In the latest quarter, Iowa's appreciation rate has been -0.21%, which annualizes to a rate of -0.83%.

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

Average Home Values

 

Median Home Value:
$125,071

Iowa, LA HOME PRICES

Value Range
> $1,132,000 0.0
$849,001 - $1,132,000 0.0
$566,001 - $849,000 0.0
$453,001 - $566,000 0.0
$340,001 - $453,000 0.8
$226,001 - $340,000 6.3
$113,001 - $226,000 52.1
$56,001 - $113,000 21.3
$0 - $56,000 19.5

High for LA
Low for Nation

Value Relative to Nation Value Relative to State
62.5395523262628 39.0243902439024

Number Of Homes And Apartments:
1,184

Iowa Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
LA*
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
66.89% 3.01% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$933 / per month

Homeownership Rate

Homeownership
Owners 62.75
Renters 37.25
Vacant 10.37

Housing Market Details

 

Age of Homes

AGE OF Iowa HOMES
2000 or Newer 27.6
1970 - 1999 46.2
1940 - 1969 20.3
1939 or Older 6.0

Types of Homes

TYPE OF Iowa HOMES
Single-Family 71.0
Townhomes 1.3
Small Apt. Buildings 12.3
Apt. Complexes 2.0
Mobile Homes 13.1
Other 0.4

Home Size

SIZE OF Iowa HOMES
No Bedroom 0.76
1 Bedroom 4.77
2 Bedrooms 24.45
3 Bedrooms 62.00
4 Bedrooms 6.59
5 or more bedrooms 1.44

Popular Neighborhoods in Iowa

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Zip Codes in Iowa, LA