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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 6,583, 2,732 total housing units (homes and apartments), and a median house value of $157,408, 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 86.04% of the city's housing units. Other types of housing that are prevalent in Iowa Park include mobile homes or trailers ( 8.25%), large apartment complexes or high rise apartments ( 3.22%), and a few row houses and other attached homes ( 2.08%).
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 82.30% of Iowa Park's homes, and 76.68% 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 39.57% of the city's housing hails from this era. Other housing ages represented in Iowa Park include homes built between 1970-1999 ( 37.94%) and housing constructed between 2000 and later ( 19.92%). There's also some housing in Iowa Park built before 1939 ( 2.56%).
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 88.26%, which ranks in the top 50% nationwide. This equates to an annual average Iowa Park house appreciation rate of 6.53%.
Appreciation rates are so strong in Iowa Park that despite a nationwide downturn in the housing market, Iowa Park real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Iowa Park appreciation rates continue to be some of the highest in America, at 8.63%, which is higher than appreciation rates in 77.19% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Iowa Park. Iowa Park appreciation rates in the latest quarter were at 2.49%, which equates to an annual appreciation rate of 10.34%.
Relative to Texas, our data show that Iowa Park's latest annual appreciation rate is higher than 90% of the other cities and towns in Texas.
$157,408
for Texas
for nation
2,732
$1,569 / per month