Iowa City Home Prices & Values

$178,000 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.2% 1-year change
  • 3.1% 1-year forecast

The median home value in Iowa City is $178,000. Iowa City home values have gone up 1.2% over the past year and Zillow predicts they will rise 3.1% within the next year. The median list price per square foot in Iowa City is $149, which is higher than the Iowa City Metro average of $140. The median price of homes currently listed in Iowa City is $243,000 while the median price of homes that sold is $185,450.

Foreclosures will be a factor impacting home values in the next several years. In Iowa City 0.3 homes are foreclosed (per 10,000). This is lower than the national value of 4.8

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Iowa City is 1.7%, which is lower than the national value of 7.2%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Iowa City homeowners underwater on their mortgage is 8.3%.

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Relative ZHVI
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Iowa City Market Overview

Data through May 31, 2014
  • $178,000 ZHVI
  • 3.1% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (May 31, 2015)
  • $243,000 Median listing price
  • $185,450 Median sale price
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Iowa City Market Health

Data through May 31, 2014
  • 9.5/10 Very healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • 8.3% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 1.7% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

0.3 homes Iowa City
4.8 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
University Heights $226,500 Ely $186,900 Tiffin $175,400
Solon $171,900 Oxford $171,500 North Liberty $162,800
Mount Vernon $162,300 Coralville $158,200 Lone Tree $143,500

Listings & Sales

Data through May 31, 2014
  • $149 Median list price / sq ft
  • $146 Median sale price / sq ft
  • 15.2% Listings with price cut
12.7%
Sold below listing
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Iowa City Rentals

Data through May 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,361 Iowa City
$1,352 Iowa City Metro
$1,310 United States
  • 2.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • No data Rent list price
  • $1.01 Rent list price / sq ft
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