Louisa County, IA housing market

What this means

• Valuation. Prices are 17% above what local incomes have historically supported (this area's pre-2020 price-to-income ratio).
• Prices. Home values are up 4.1% over the past year (U.S.: +1.2%).
• Supply. Listings are 27% below the 2017-19 norm: still a tight market.
• Negotiating. Buyer leverage is low (25/100; U.S.: 54): homes typically sell at or above asking (100.3% of list); 15% of listings had a price cut (U.S.: 26%).
• Affordability. A mortgage on the typical home takes 18% of the median household income (U.S.: 35%); it takes about $47k a year to keep the payment at 30% of gross pay. That includes about $1,364 a year for home insurance (U.S.: $1,790).
• Disaster risk. FEMA expects about $151 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from flooding.
• Outlook. Leaning up: likely −6% to +10% over the next 12 months (70% chance of a rise).

Next 12 months

Leaning up

Prices are more likely to rise than fall over the next year. Likely change: −6.4% to +10.0% (80% range; middle estimate +3.1%), chance of a rise 70%, of a 5%+ drop 13%.

HouseVane's model, refit every month on local market signals and national ones, trained only on data known at the time. How accurate it has been.

ZIP codes in Louisa County, IA