The housing market in 50428 Clear Lake, IA is doing relatively well compared to the rest of the United States. The median value of a house in this area is $266,600, which is about 21% lower than the national median value of $338,100. Despite this lower price point, the appreciation rate for homes in Clear Lake has been on the rise over the past year, registering an 11.88% increase compared to the 8.27% increase seen nationwide. This could be indicative of more people looking to buy or invest in homes in this area, making it a great place to consider when buying or selling property.
The median home cost in Clear Lake (zip 50428) is $266,600. Home appreciation the last 10 years has been 64.8%. Home Appreciation in Clear Lake (zip 50428) is up 15.9%.
Average Age of Homes
- The median age of Clear Lake (zip 50428) real estate is 52 years old
The Rental Market in Clear Lake (zip 50428)
- Renters make up 15.3% of the Clear Lake (zip 50428) population
- 1.0% of houses and apartments in Clear Lake (zip 50428), 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.