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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Boone, IA Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Boone, IA Housing Market Trends

With 12,406 people, 5,135 houses or apartments, and a median cost of homes of $176,955, house prices in Boone are solidly below the national average.

Single-family detached homes are the single most common housing type in Boone, accounting for 73.06% of the city's housing units. Other types of housing that are prevalent in Boone include large apartment complexes or high rise apartments ( 17.73%), duplexes, homes converted to apartments or other small apartment buildings ( 6.40%), and a few row houses and other attached homes ( 1.60%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Boone. Owner-occupied housing accounts for 71.03% of Boone's homes, and 58.24% have either three or four bedrooms, which is average sized relative to America.

The housing in Boone was primarily built before 1939 ( 43.06%), making the housing stock in Boone some of the oldest overall in America, although there is a range of ages of homes in Boone. The next most important housing age is between 1970-1999 ( 28.33%), followed by between 1940-1969 ( 21.55%). There's also some housing in Boone built between 2000 and later ( 7.07%).

Boone Home Appreciation Rates

Boone's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Boone during the period has been just 4.24%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Boone's appreciation rate, at 6.38%, has been at or slightly above the national average. In the latest quarter, Boone's appreciation rate has been 1.22%, which annualizes to a rate of 4.97%.

Relative to Iowa, our data show that Boone's latest annual appreciation rate is higher than 90% of the other cities and towns in Iowa.

Average Home Values

Median Home Value

$176,955

Boone, IA Home Prices
> $1,223,000
$917,001 - $1,223,000
$612,001 - $917,000
$489,001 - $612,000
$367,001 - $489,000
$245,001 - $367,000
$123,001 - $245,000
$62,001 - $123,000
$0 - $62,000
0.0%
0.0%
0.8%
0.8%
0.7%
0.7%
1.2%
1.2%
6.0%
6.0%
15.2%
15.2%
49.5%
49.5%
19.3%
19.3%
7.2%
7.2%
0% 100.0%
% of Homes
Low

for Iowa

Low

for nation

Number of Homes And Apartments:

5,135

Boone Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,395 / per month

Homeownership Rate

Owners
Renters
71.0%
71.0%
29.0%
29.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
9.8%
9.8%
90.2%
90.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
7.1%
7.1%
28.3%
28.3%
21.5%
21.5%
43.1%
43.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
73.1%
73.1%
1.6%
1.6%
6.4%
6.4%
17.7%
17.7%
1.2%
1.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.7%
2.7%
11.8%
11.8%
24.0%
24.0%
43.1%
43.1%
15.1%
15.1%
3.3%
3.3%
0% 100.0%
% of Homes