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 6,583 people, 2,732 houses or apartments, and a median cost of homes of $154,022, 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%).
Real estate appreciation rates in Iowa Park's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.54% during the period.
Over the last year, Iowa Park appreciation rates have trailed the rest of the nation. In the last twelve months, Iowa Park's appreciation rate has been 4.37%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Iowa Park were at 1.65%, which equates to an annual appreciation rate of 6.78%.
Relative to Texas, our data show that Iowa Park's latest annual appreciation rate is lower than 60% of the other cities and towns in Texas.
$154,022
for Texas
for nation
2,732
$1,499 / per month