While the rest of America is still dealing with a sputtering real estate market, the Hawkeye state of Iowa has defied the current U.S. real estate slump. The aftershock of the housing market meltdown has caused a great deal of grief and sadness among home owners that are now upside down on their investments or for people who can’t find a buyer for their house due to stricter loan requirements. Iowa has managed to stay afloat, or even flourish in some opinions, when it comes to the real estate market.
Iowa, as a traditional Midwest state, is heavy in agriculture and farming. In 2011, it was reported that farmland prices in Iowa have skyrocketed nearly 30%. In fact, some land in the great Hawkeye state recently sold for $20,000 an acre setting a new record. The real estate boom in this area can be accredited to the rise in crop prices and the demand for products such as ethanol which comes from corn. The demand for ethanol alone has tripled in the past five years alone, making farm land and open acreage very popular.
Besides being a farming state, Iowa has a lot to offer. From excellent property for sale istanbul rankings as one of the top states to raise a family and some of the best rated schools and graduation rates, Iowa has become a perfect location for people who want to raise a family. The state has also recently put a lot of attention into upgrading and developing large urban areas bringing a lot of career opportunities. Housing some of the companies on the Fortune 500, Iowa is home to many types of industries and markets. No matter if one is coming from across the country or across the world, Iowa is bound to offer excellent resources to continue a career or even start on a new business venture.
Even though the real estate market is booming in Iowa, houses are still extremely affordable and priced competitively. Whether you are considering purchasing land to build your own dream home or are searching for a charming house with lots of character, this market offers anything you could want. With major metropolitan areas and quaint, small and quiet towns the diversity of charm and character abounds within this Midwest state. If you have not fallen in love with Iowa yet, you need only take a trip to visit the beautiful scenery, partake in some outdoor adventures, or visit its cultural districts to find everything there is to admire about this state.