Iowa Park, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Iowa Park Neighborhoods Since 2000




Iowa Park, TX 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 Park Housing Market Information

With 6,344 people, 2,493 houses or apartments, and a median cost of homes of $90,214, house prices in Iowa Park are solidly below the national average.

Single-family detached homes are the single most common housing type in Iowa Park, accounting for 88.20% of the city's housing units. Other types of housing that are prevalent in Iowa Park include duplexes, homes converted to apartments or other small apartment buildings ( 5.98%), mobile homes or trailers ( 4.05%), and a few large apartment complexes or high rise apartments ( 1.02%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Iowa Park. Owner-occupied housing accounts for 78.16% of Iowa Park's homes, and 81.32% 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. Iowa Park's housing was primarily built during this period, from the '40s through the '60s. A full 49.09% of the city's housing hails from this era. Other housing ages represented in Iowa Park include homes built between 1970-1999 ( 32.49%) and housing constructed between 2000 and later ( 11.80%). There's also some housing in Iowa Park built before 1939 ( 6.62%).

Iowa Park Home Appreciation Rates

Appreciation rates for homes in Iowa Park have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.92%, which ranks in the top 30% nationwide. This equates to an annual average Iowa Park house appreciation rate of 1.04%.

NeighborhoodScout's data show that during the latest twelve months, Iowa Park's appreciation rate, at 3.70%, has been at or slightly above the national average. In the latest quarter, Iowa Park's appreciation rate has been 0.94%, which annualizes to a rate of 3.82%.

Relative to Texas, our data show that Iowa Park's latest annual appreciation rate is lower than 70% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$90,214

Iowa Park, TX HOME PRICES

Value Range
> $1,088,000 0.0
$816,001 - $1,088,000 0.0
$544,001 - $816,000 0.0
$435,001 - $544,000 0.5
$327,001 - $435,000 0.2
$218,001 - $327,000 5.8
$109,001 - $218,000 22.2
$54,001 - $109,000 58.9
$0 - $54,000 12.5

Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
83.763037618657 72.9571984435798

Number Of Homes And Apartments:
2,493

Iowa Park Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
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
42.52% 2.08% 1 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$993 / per month

Homeownership Rate

Homeownership
Owners 78.16
Renters 21.84
Vacant 5.71

Housing Market Details

 

Age of Homes

AGE OF Iowa Park HOMES
2000 or Newer 11.8
1970 - 1999 32.5
1940 - 1969 49.1
1939 or Older 6.6

Types of Homes

TYPE OF Iowa Park HOMES
Single-Family 88.2
Townhomes 0.8
Small Apt. Buildings 6.0
Apt. Complexes 1.0
Mobile Homes 4.0
Other 0.0

Home Size

SIZE OF Iowa Park HOMES
No Bedroom 0.00
1 Bedroom 4.54
2 Bedrooms 14.15
3 Bedrooms 69.02
4 Bedrooms 12.29
5 or more bedrooms 0.00

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Zip Codes in Iowa Park, TX