The housing market in Larchwood, IA (zip code 51241) is quite unique in comparison to the US median value and appreciation rate. The median value for homes in this area is $255,400 which is significantly lower than the US median value of $338,100. Despite the lower house values, the 1 year appreciation rate for homes in Larchwood, IA is incredibly higher at 11.61% compared to just 8.27% across the entire United States. This indicates that home values are rising quickly in this area and could be a great investment opportunity for those looking to buy a new property.
The median home cost in Larchwood (zip 51241) is $255,400. Home appreciation the last 10 years has been 63.9%. Home Appreciation in Larchwood (zip 51241) is up 15.1%.
Average Age of Homes
- The median age of Larchwood (zip 51241) real estate is 44 years old
The Rental Market in Larchwood (zip 51241)
- Renters make up 9.7% of the Larchwood (zip 51241) population
- 1.5% of houses and apartments in Larchwood (zip 51241), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.