Zip 51016 (Correctionville, IA) Housing

In 51016 Correctionville, IA, the median value of houses is $138,100, significantly lower than the median value of US houses which is $338,100. Whilst the US has seen a one year house appreciation rate of 8.27%, the one year house appreciation rate in Correctionville has been more impressive at 10.62%. This suggests that Correctionville is a great place to invest in housing due to its high appreciation rate and relatively low median housing cost.

The median home cost in Correctionville (zip 51016) is $138,100. Home appreciation the last 10 years has been 72.0%. Home Appreciation in Correctionville (zip 51016) is up 12.4%.

Average Age of Homes

- The median age of Correctionville (zip 51016) real estate is 71 years old

The Rental Market in Correctionville (zip 51016)

- Renters make up 11.5% of the Correctionville (zip 51016) population
- 2.2% of houses and apartments in Correctionville (zip 51016), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Correctionville, Iowa	United States
	550.0	139,647,020.0
	75	42
	$138,100	$338,100
	12.4%	16.6%
	42.6%	57.0%
	72.0%	101.1%
	$15.72	$10.98
	$1,297	$2,690
	80.9%	57.4%
	13.5%	11.2%
	5.6%	31.4%
Vacant Housing
	2.2%	1.9%
	0.0%	0.4%
	1.5%	0.7%
	0.0%	0.4%
	2.4%	3.6%
	7.5%	4.1%
Value of Owner-Occupied Housing
	4.3%	2.6%
	8.1%	2.4%
	15.1%	2.8%
	20.4%	3.9%
	17.1%	4.5%
	10.3%	11.3%
	9.7%	13.0%
	7.4%	20.1%
	7.2%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.4%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	4.0%	13.6%
	4.0%	13.6%
	7.8%	13.6%
	7.5%	13.2%
	5.6%	14.8%
	7.8%	13.6%
	8.0%	10.0%
	10.9%	4.7%
	43.1%	12.2%

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