Iowa City, IA - House Price Index (HPI)
Iowa City Real Estate Market Forecast
The House Price Index (HPI) shows changes in Iowa City, IA single family home prices in logarithmic
scale. The March, 1995 index value equals 100.  Real estate forecasts, analysis, statistics and
appreciation rates are provided below.
Iowa City Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  2649.56
3rd Quarter, 2018 Housing Statistics: Iowa City, Iowa


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      89%

LittleBigHomes.com publishes forecasts for the trend in home prices in 380
Metropolitan Statistical Areas. The House Price Trend will be either UP or
DOWN. The forecast for the trend in the Iowa City housing market for the 12
months ending with the 3rd Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Iowa City is 89%. In other words, when tested against historical
data, the forecasting methodology was correct 89% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in Iowa
City is 89% during this period. If this Housing Market Forecast is correct, home
prices will be higher in the 3rd Quarter of 2019 than they were in the 3rd
Quarter of 2018. Check this page each quarter for updates to the Iowa City
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      89%

The forecast for the trend in the Iowa City housing market for the 3 years
ending with the 3rd Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Iowa City is 89%. In other words, when tested against historical
data, the forecasting methodology was correct 89% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in Iowa
City is 89% during this period. If this Housing Market Forecast is correct, home
values will be higher in the 3rd Quarter of 2021 than they were in the 3rd
Quarter of 2018. Check this page each quarter for updates to the Iowa City
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2018 Housing Data: Iowa City, Iowa


Historical Home Price Appreciation
Last Quarter                         1.88%
Last Year                              5.5%
Last 5 Years                         18%
Last 10 Years                       24%
Last 20 Years                       75%



Annual Home Price Appreciation Rates
1988      5.08%
1989      10.93%
1990      5.64%
1991      4.80%
1992      3.44%
1993      4.85%
1994      11.03%
1995      2.87%
1996      0.94%
1997      4.82%
1998      2.61%
1999      3.89%
2000      3.68%
2001      5.21%
2002      3.81%
2003      4.78%
2004      5.60%
2005      4.72%
2006      2.23%
2007      2.00%
2008      -0.15%
2009      0.22%
2010      -0.35%
2011      0.50%
2012      1.09%
2013      2.95%
2014      0.75%
2015      4.71%
2016      2.58%
2017      4.44%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.88%         Rank: 151 of 381 (60th Percentile)
Last Year  . . . . . . . . . . . . . . . .  5.5%           Rank: 225 of 381 (41st Percentile)
Last 5 Years                              18%            Rank: 258 of 381 (32nd Percentile)
Last 10 Years  . . . . . . . . . . . .   24%            Rank: 132 of 381 (65th Percentile)
Last 20 Years                            75%            Rank: 218 of 379 (42nd Percentile)


The change in home prices for Iowa City, IA are shown above for five time
periods. For example: Iowa City appreciated 1.88% in the Last Quarter. At that
rate, the Iowa City Real Estate Market was ranked 151st out of 381 metropolitan
Real Estate Markets. Iowa City was in the 60th percentile. So Iowa City, IA
performed better in the Last Quarter than 60% of the 381 metropolitan areas
covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2018 Housing Statistics: Iowa City, Iowa

The all time high in the Iowa City Home Price Index was 193.6 in the 3rd
Quarter, of 2018.  The Home Price Index indicates that the Iowa City Market is
up 24% over the last 10 years. Home prices in the Iowa City Real Estate Market
have gained 5.48% over the last 12 months. Over the last thirty years, it is up
181%.

The 3rd Quarter index value was 3.57 points higher than the 2nd Quarter, 2018
index value of 190.05, resulting in a 1.88% rise in the 3rd Quarter for the Iowa
City Market.

The Iowa City Home Price Index has increased for the last 2 consecutive
quarters. The current record holders for consecutive increases in the Home
Price Index are Phoenix, AZ; Houston, TX and Boise City, ID, with increases in
the last 29 consecutive quarters. The current record holders for consecutive
declines in the Home Price Index are Winchester, VA; Trenton, NJ; Peoria, IL;
Great Falls, MT and Fayetteville, NC, with declines in the last 2 consecutive
quarters.

The highest annual change in the value of houses in the Iowa City Real Estate
Market was 13% in the twelve months ended with the 1st Quarter of 1989. The
worst annual change in home values  in the Iowa City Market was -2% in the
twelve months ended with the 4th Quarter of 1987.

The highest growth in home values in the Iowa City Real Estate Market over a
three year period was 23% in the three years ended with the 4th Quarter of
1990. The worst performance over a three year period in the Iowa City Market
was -2% in the three years ended with the 1st Quarter of 2011.

This page provides a long term graph of the Iowa City Home Price Index
(above). For information about Iowa home values, click Real Estate Market
Forecasts in the navigation bar at the top of this page.  You'll see long term
charts and analysis that will provide tremendous insight into the historical trends
of residential property values. Bookmark this page! Then LittleBigHomes.com's
detailed research and statistics about Iowa City Home Prices will be at your
fingertips when you need them.

All calculations are based on the quarterly value of the House Price Index for
the Iowa City Market. The terms House Price Index and Home Price Index, as
used in this site, refer to the Federal Housing Finance Agency (FHFA) House
Price Index.

Significant time is required to research quarterly sales price and appraisal data
from mortgage transactions in the Iowa City Real Estate Market and hundreds
of other cities. As a result, Home Price data is not available for a number of
months after the end of each quarter.



Part 4: APPRECIATION RATES & RANKINGS
3rd Quarter, 2018 Housing Data: Iowa City, Iowa

The trend of Iowa City Home Prices relative to 380 other metropolitan areas is
detailed below. Each metropolitan area contains one or more cities. Five
different time periods are reviewed.  Each paragraph identifies the top and
bottom performing markets as well as the average and median performance for
all cities during each time period.

Last Quarter:
During the 3rd Quarter of 2018, Iowa City Home Prices had a rank of 151, with
appreciation of 1.88%. The top performing real estate market during the 3rd
Quarter was Sumter, SC, with a rise of 13.55%. The worst market during that
period was Cumberland, MD, with appreciation of -5.75%.
The median for all cities during the 3rd Quarter was 1.57%. The average for all
markets during the quarter was 1.54%.

Last Year:
During the last 12 months, Iowa City Home Prices had a rank of 225, with
appreciation during the year of 5.48%. The top performing market during the
last year was Las Vegas, NV, with an increase of 18.1%. The worst real estate
market during that period was Cumberland, MD, with appreciation of -5.6%.
The median for all markets during this period was 6.14%. The average was
6.07%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2018, Iowa City Home Prices
ranked 258, with a total appreciation of 17.6%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 81%.
The worst market during that period was Jacksonville, NC, with appreciation of
-2%.
The median for all cities during this time period was 24%. The average over the
5 years was 28%.

Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2018, Iowa City Home Prices
had a rank of 132, with appreciation during the decade of 24%. The top
performing market during the period was Denver, CO, with a rise of 83%. The
worst real estate market during the 10 year time period was Vineland, NJ, with
appreciation of -19%.
The median for all markets during the last 10 years was 18%. The average for
the cities over that time frame was 20%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2018, Iowa City Home Prices
had a rank of 218, with total growth over the 20 year period of 75%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 289%. The worst market during the last 20 years was Saginaw, MI,
with appreciation of 21%.
The median for all cities during the last 20 years was 83%. The average for the
markets over that time frame was 92%.

Historical research data on the Home Price Index for the Iowa City Real Estate
Market is available back to the 2nd Quarter, of 1986. All calculations are based
on the quarterly value of the House Price Index for Iowa City. Real estate
appreciation figures represent total net increase or decrease over each time
period. (Unless specifically stated, the figures do not represent annual or
quarterly rates of change.)



Data Source for Commentary & Charts: Federal Housing Finance Agency
Updated Monday, December 31, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.




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