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 6,769 people, 3,138 houses or apartments, and a median cost of homes of $186,847, house prices in Atlantic are solidly below the national average.
Single-family detached homes are the single most common housing type in Atlantic, accounting for 69.16% of the city's housing units. Other types of housing that are prevalent in Atlantic include large apartment complexes or high rise apartments ( 14.22%), duplexes, homes converted to apartments or other small apartment buildings ( 13.31%), and a few row houses and other attached homes ( 1.69%).
The most prevalent building size and type in Atlantic are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.00% owning and 39.00% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Atlantic's housing was primarily built during this period, from the '40s through the '60s. A full 36.31% of the city's housing hails from this era. Other housing ages represented in Atlantic include homes built before 1939 ( 30.52%) and housing constructed between 1970-1999 ( 25.78%). There's also some housing in Atlantic built between 2000 and later ( 7.38%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Atlantic, where house values have increased just 53.86%, which is annualized rate of 4.40%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Atlantic appreciation rates have trailed the rest of the nation. In the last twelve months, Atlantic's appreciation rate has been 2.73%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Atlantic were at 2.03%, which equates to an annual appreciation rate of 8.38%.
Relative to Iowa, our data show that Atlantic's latest annual appreciation rate is lower than 90% of the other cities and towns in Iowa.
$186,847
for Iowa
for nation
3,138
$1,081 / per month