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 8,172 people, 3,029 houses or apartments, and a median cost of homes of $175,337, house prices in Denison are solidly below the national average.
Single-family detached homes are the single most common housing type in Denison, accounting for 65.31% of the city's housing units. Other types of housing that are prevalent in Denison include large apartment complexes or high rise apartments ( 11.07%), mobile homes or trailers ( 9.98%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.82%).
The most prevalent building size and type in Denison are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.36% owning and 37.64% renting.
There is a lot of housing in Denison built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Denison built before 1939 ( 26.00%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.49%). There's also some housing in Denison built between 2000 and later ( 5.64%).
Real estate appreciation rates in Denison's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.80% during the period.
Appreciation rates are so strong in Denison that despite a nationwide downturn in the housing market, Denison real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Denison appreciation rates continue to be some of the highest in America, at 12.64%, which is higher than appreciation rates in 94.88% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Denison. Denison appreciation rates in the latest quarter were at 2.03%, which equates to an annual appreciation rate of 8.38%.
Relative to Iowa, our data show that Denison's latest annual appreciation rate is higher than 90% of the other cities and towns in Iowa.
$175,337
for Iowa
for nation
3,029
$1,213 / per month