Marshalltown, IA

There are many factors influencing real estate trends in the housing market, and the Marshalltown, IA metropolitan statistical area is no different. The following are some of the most notable trends affecting the area:

The population of Marshalltown is growing at a steady pace, which is good news for the housing market. This growth is being driven by an influx of young families and retirees who are attracted to the city's affordable cost of living and its central location in Iowa.

The median home price in Marshalltown is currently around $130,000, which is very affordable compared to other parts of the country. This low price point, combined with the city's strong job market, makes it an attractive option for first-time homebuyers and investors alike.

Rental prices in Marshalltown are also very reasonable, averaging around $850 per month. This makes it a great option for those who want to live close to Des Moines but don't want to pay high prices for rent or a mortgage.

The vacancy rate in Marshalltown is relatively low at just over 2%, meaning there is high demand for both rental and owner-occupied properties. This tight housing market has led to increased competition among buyers and renters, driving up prices somewhat. However, they remain relatively affordable compared to other markets across the country.