Clinton, IA Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Clinton, IA Housing Market Trends

With 25,093 people, 10,670 houses or apartments, and a median cost of homes of $118,147, house prices in Clinton are solidly below the national average.

Single-family detached homes are the single most common housing type in Clinton, accounting for 72.00% of the city's housing units. Other types of housing that are prevalent in Clinton include large apartment complexes or high rise apartments ( 15.69%), duplexes, homes converted to apartments or other small apartment buildings ( 9.28%), and a few row houses and other attached homes ( 2.31%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Clinton. Owner-occupied housing accounts for 65.51% of Clinton's homes, and 52.49% have either three or four bedrooms, which is average sized relative to America.

The housing in Clinton was primarily built before 1939 ( 39.05%), making the housing stock in Clinton some of the oldest overall in America, although there is a range of ages of homes in Clinton. The next most important housing age is between 1940-1969 ( 35.84%), followed by between 1970-1999 ( 20.08%). There's also some housing in Clinton built between 2000 and later ( 5.03%).

Vacant housing appears to be an issue in Clinton. Fully 13.96% of the housing stock is classified as vacant. Left unchecked, vacant Clinton homes and apartments can be a drag on the real estate market, holding Clinton real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Clinton Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Clinton, where house values have increased just 15.78%, which is annualized rate of 1.48%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, Clinton appreciation rates have trailed the rest of the nation. In the last twelve months, Clinton's appreciation rate has been 6.56%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Clinton were at 1.46%, which equates to an annual appreciation rate of 5.96%.

Notably, Clinton's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Iowa, our data show that Clinton's latest annual appreciation rate is lower than 50% of the other cities and towns in Iowa.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Clinton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Clinton - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Clinton real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$118,147

Clinton, IA HOME PRICES

> $1,139,000
0.2%
0.2%
$854,001 - $1,139,000
0.1%
0.1%
$570,001 - $854,000
0.8%
0.8%
$455,001 - $570,000
0.9%
0.9%
$342,001 - $455,000
2.4%
2.4%
$228,001 - $342,000
5.6%
5.6%
$114,001 - $228,000
33.6%
33.6%
$57,001 - $114,000
40.3%
40.3%
$0 - $57,000
16.1%
16.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Low for IA

Value Relative To Nation

Number Of Homes And Apartments:
10,670

Clinton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
41.42% 1.63%
1
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$949 / per month

Homeownership Rate

Owners
65.5%
65.5%
Renters
34.5%
34.5%
Vacant
14.0%
14.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
5.0%
5.0%
1970 - 1999
20.1%
20.1%
1940 - 1969
35.8%
35.8%
1939 or Older
39.0%
39.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
72.0%
72.0%
Townhomes
2.3%
2.3%
Small Apt. Buildings
9.3%
9.3%
Apt. Complexes
15.7%
15.7%
Mobile Homes
0.7%
0.7%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.3%
2.3%
1 Bedroom
13.9%
13.9%
2 Bedrooms
28.3%
28.3%
3 Bedrooms
38.6%
38.6%
4 Bedrooms
13.9%
13.9%
5 or more bedrooms
3.0%
3.0%
0.0% 100.0%
% OF HOMES