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Video: Housing Shortage in Dyersville IA

Check out this video and article from KCRG-TV9 regarding the housing shortage in Dyersville, Iowa.

 

DYERSVILLE, Iowa (KCRG-TV9) -- Growing businesses and safe neighborhoods. Those are two big reasons economic developers in Dyersville say more people want to live in that community. 

But there's a problem. There aren't enough affordable homes for everyone.

"Homes for sale from $150,000 to $250,000 is really limited. Realtors really have a difficult time," said Dyersville Economic Development Director, Jacque Rahe.

City leaders say it all stems from a good problem.

"Fortunately we have a very robust industrial base and those industries are somewhat in expansion mode. Several of them are definitely in expansion mode,” said Rahe.

That means more and more young families are trying to move into Dyersville, but can't find a place to live.

And according to a recent study by RDG, Planning and Design, the situation isn't much better for people looking to rent.

"Our rental units are in very high demand and very short supply," said Rahe.

In order to fix the problem, Rahe says the study suggests building a senior living complex. That could allow some older people to move out of their homes and open up those homes for young families.

 

The Northeast Iowa Regional Board of Realtors says there isn't a shortage for most of the northeastern part of the state. Right now, in that region, about 250 of the 1500 residential properties listed for sale, are priced between that $150,000 and $200,000 range.

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