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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 7,384 people, 3,247 houses or apartments, and a median cost of homes of $167,851, house prices in Creston are solidly below the national average.
Single-family detached homes are the single most common housing type in Creston, accounting for 72.18% of the city's housing units. Other types of housing that are prevalent in Creston include duplexes, homes converted to apartments or other small apartment buildings ( 12.11%), large apartment complexes or high rise apartments ( 10.15%), and a few mobile homes or trailers ( 3.78%).
Dwellings in Creston tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 50.60% of the homes in Creston have two or fewer bedrooms.
The housing in Creston was primarily built before 1939 ( 40.95%), making the housing stock in Creston some of the oldest overall in America, although there is a range of ages of homes in Creston. The next most important housing age is between 1970-1999 ( 28.42%), followed by between 1940-1969 ( 19.93%). There's also some housing in Creston built between 2000 and later ( 10.70%).
Vacant housing appears to be an issue in Creston. Fully 14.87% of the housing stock is classified as vacant. Left unchecked, vacant Creston homes and apartments can be a drag on the real estate market, holding Creston real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Creston, where house values have increased just 47.89%, which is annualized rate of 3.99%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Creston appreciation rates have trailed the rest of the nation. In the last twelve months, Creston's appreciation rate has been 3.90%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Creston were at 2.03%, which equates to an annual appreciation rate of 8.38%.
Relative to Iowa, our data show that Creston's latest annual appreciation rate is lower than 80% of the other cities and towns in Iowa.
$167,851
for Iowa
for nation
3,247
$1,249 / per month