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 12,406 people, 5,135 houses or apartments, and a median cost of homes of $168,520, 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%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Boone, where house values have increased just 45.36%, which is annualized rate of 3.81%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Boone appreciation rates have trailed the rest of the nation. In the last twelve months, Boone's appreciation rate has been 2.05%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Boone were at -9.25%, which equates to an annual appreciation rate of -32.18%.
Notably, Boone's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Iowa, our data show that Boone's latest annual appreciation rate is lower than 90% of the other cities and towns in Iowa.
$168,520
for Iowa
for nation
5,135
$1,421 / per month