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Cheap Homes in Prairie City, IA 50228

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Prairie City, IA Foreclosures

How much do homes sell for in Prairie City, IA?
The average home price is currently $277,172.
What’s the average rental cost in Prairie City, IA?
The average rental price in Prairie City is $1,439.
What is the most expensive home in Prairie City?
The most expensive home sold in Prairie City had a price of $1,276,400.
What is currently the cheapest priced home in Prairie City, IA?
The cheapest home for sale in Prairie City is priced at $23,498.

Living in Prairie City, IA

Prairie City, IA, is a welcoming small town known for its friendly community spirit and excellent schools. Perfectly positioned for those who love the outdoors, it offers various recreational activities and picturesque landscapes. With a range of amenities and local events, it’s an ideal place for families looking for a tight-knit environment.

Current Market Conditions in Prairie City, IA

Prairie City is currently experiencing a stable real estate market with modest appreciation in home values over the past year. The demand for housing remains steady, driven by families seeking affordable options and quality education within the PCM School District.

The average home price in Prairie City has shown a slight increase over the past year as new families move into the area, attracted to its small-town charm and excellent amenities. Inventory levels are moderate, providing buyers with a good selection without overwhelming competition.

Home Value Estimator For Prairie City, IA

There are currently 895 real estate properties in Prairie City, IA, with a median automated valuation model (AVM) price of $256,328.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Prairie 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 Prairie City, IA, is $277,172.00, with the most expensive house in Prairie City, IA, topping out at $1,276,400.00 and the cheapest home in Prairie City, IA, clocking in at $23,498.00. In other words, there’s something for every potential homebuyer or savvy investor in Prairie City, IA!

Rent Prices In Prairie City, IA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Prairie City, IA, is on a rollercoaster ride. The average rent price in Prairie City, IA, is $1,439.00. Indeed, when looking to rent in Prairie City, IA, you can expect to pay as little as $890.00 or as much as $1,980.00, with the average rent median estimated to be $1,430.00. The good news is that finding an affordable and desirable property to rent in Prairie 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.

Cheap Homes in Prairie City, IA 50228

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