The housing market in 51357 Royal, IA is in a strong position and is growing faster than the nationwide average. The median value of homes in this area is $107,000, which is significantly lower than the US median value of $338,100. Over the past year, home values have appreciated by 11.61%, higher than the national average of 8.27%. This indicates that investing in real estate here will yield a good return on investment. With these figures in mind, it's no wonder more and more people are looking to purchase property in this area.
The median home cost in Royal (zip 51357) is $107,000. Home appreciation the last 10 years has been 63.9%. Home Appreciation in Royal (zip 51357) is up 15.1%.
Average Age of Homes
- The median age of Royal (zip 51357) real estate is 65 years old
The Rental Market in Royal (zip 51357)
- Renters make up 30.8% of the Royal (zip 51357) population
- 1.2% of houses and apartments in Royal (zip 51357), 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.