Foreclosures in Iowa City, IA

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Home Value Estimator For Iowa City, IA

There are currently 23,746 real estate properties in Iowa City, IA, with a median automated valuation model (AVM) price of $277,904.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Iowa City, IA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Iowa City, IA, is $315,741.00, with the most expensive house in Iowa City, IA, topping out at $6,550,000.00 and the cheapest home in Iowa City, IA, clocking in at $18,641.00. In other words, there’s something for every potential homebuyer or savvy investor in Iowa City, IA!

Rent Prices In Iowa City, IA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Iowa City, IA, is on a rollercoaster ride. The average rent price in Iowa City, IA, is $1,608.00. Indeed, when looking to rent in Iowa City, IA, you can expect to pay as little as $680.00 or as much as $3,700.00, with the average rent median estimated to be $1,590.00. The good news is that finding an affordable and desirable property to rent in Iowa City, IA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Iowa City, IA In 2024

Iowa City is located in Johnson, Iowa, with an estimated municipal population of 75,130 residents. All of the best foreclosed homes for sale in Iowa City are located in the following zip code areas on 52245 52246 52240 52242 52243 52244. The estimated population per square kilometer (.62 miles) in Iowa City is 1,133.

Cost Of Living In Iowa City, IA

So, about how much do homes cost in Iowa City? The most recent median value of resident-owned homes in Iowa City is 214,609. An estimated 47.7 percent of households in Iowa City own their homes, with an average family size of 2.86. The median household income in Iowa City is 49,075, with23.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Iowa City, the median commute time of resident workers (in minutes) is 17. And last, but certainly not least, are you looking for homes to rent in Iowa City? If so, the average rent price paid by renters in Iowa City is 967, according to recent statistics.

Diversity And Demographics In Iowa City, Iowa

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Iowa City, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Iowa City is 26.5, split between 49.7 percent male versus 50.3 female. The percentage of residents who report being married in Iowa City is 34.7, with an average family size of 2.86.

The percentage of residents who report their race in Iowa City is as follows:

White 78.5%
Black / African American 8.3%
Asian 7.3%
American Indian / Alaskan Native 0.2%
Native Hawaiian / Other Pacifc Islander 0.1%
Multi-racial 2.7%
Other 2.8%

Looking for family-friendly neighborhoods in and/or near Iowa City? Or maybe you are searching for 55+ active adult communities in and/or near Iowa City?

The percentage of residents who report their age in Iowa City is as follows:

Under 10 8.7%
Aged 10-19 15.9%
20s 31.4%
30s 12.8%
40s 8.3%
50s 8.4%
60s 7.7%
70s 3.8%
80+ 2.9%

Best Schools In Iowa City, Iowa

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Iowa City with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Iowa City.

Pros And Cons Of Living In Iowa City, Iowa

How do you know that living in -- or moving to -- Iowa City is right where you need to be? Perhaps you grew up in Iowa City or already live nearby; therefore, the decision to buy a home in Iowa City is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Iowa City for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Iowa City:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Iowa City.

Reasons To Move To Iowa City, Iowa, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Iowa City can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Iowa City, meanwhile, can field multiple offers from more qualified buyers.

Iowa City, IA Foreclosures


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