Building Costs Per Square Foot in the State of Iowa, USA

Iowa 274 Greenwood PI Waukee IA50263 - 2 Bed and 2 Baths with 2 Attached Garages on Gross Floor Area 1312 sqft - Built in 2022 - Price $229,000 (2)

Newly Built Home in Iowa 274 Greenwood PI Waukee IA50263 – 2 Bed and 2 Baths with 2 Attached Garages on Gross Floor Area 1312 sqft – Built in 2022 – Price $229,000 (2)

Residential Construction Market Analysis in the State of Iowa, USA

Building costs are 3% below the national average in the state of Iowa, and equivalent to the states of Indiana, Iowa, Missouri, Montana and Utah. The state of Iowa or also known as Hawkeye State, as it is nicknamed in tribute to the Black Lynx Indian chief, belongs to the Midwest region, Central Northwest division, and the Great Plains Zone, with ideal land for agriculture. Des Moines is its capital, and Cedar Rapids, Davenport, Sioux City, and Waterloo stand out as its most important cities, and in total it reaches a population that barely exceeds 3 million inhabitants, making it one of the states with the least population.

If you are looking for peace and quiet then Iowa is for you: it is one of the states with the lowest population density (ranked 31st currently), there are no big cities, no skyscrapers that block the view, and you will have the typical all American lifestyle that you expect from a midwest state.

It may not be a state that attracts many investors, but it is perfect if you are looking for a place to buy your family’s next home. In this article, we will dedicate ourselves to talking about the real estate market in this state, its prices, what the constructions are like, and much more.

Iowa Construction Outlook

Houses in Iowa are usually exactly what you imagine houses in rural areas to be: with wooden external walls, but they are usually reinforced with some type of insulation to face the winter. Although heavy snowfalls rarely occur, the severity of winter is often increased by high winds that generate blizzards and prolonged very cold spells. That is why it is essential that the constructions are prepared to insulate people from that incessant cold.

In Des Moines there are only a couple of tall buildings, the rest are small that do not exceed 10 floors, so you can always look at the sky without any problem. Iowa is characterized as a state with a large rural population, who lives on ranches or in wooden houses on the outskirts of large urban centers.

Iowa Housing Market Analysis and Forecast

The trend in the national real estate market is quite discouraging, as US home prices are currently the highest in history, and in many places, it is impossible to find real estate for sale. The shortage of supply is also linked to the increase in the cost of the American mortgage. Fortunately, smaller states like Iowa offer a haven from this madness.

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