The story of this market
The typical home in ZIP 50040 sells for about $245,000, or $168 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $556 a month.
ZIP 50040 — Boxholm
The housing market in 50040 remains stable with modest price appreciation and low inventory levels. Demand continues to be driven by local families and professionals, keeping the market competitive despite broader economic shifts.
This ZIP is ideal for families and professionals seeking a quiet, suburban lifestyle with access to regional amenities, offering a balance of affordability and community stability.
Median prices moved up 3.2% year over year.
Homes spend a median of 42 days on market with 2.8 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.1% · poverty 22.0% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 50040, Polk County IA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in this area remain low and stable, consistently tracking below the state and national averages for similar rural-suburban communities.
Local schools are generally well-regarded, with most institutions maintaining solid performance ratings within the regional district framework.
The area faces moderate risk from severe weather events, including occasional high winds and localized flooding, though standard insurance coverage remains widely available.
Economic momentum is driven by proximity to regional employment hubs and steady residential development, with infrastructure improvements supporting modest population growth.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Iowa) — Iowa Property Tax Assessment Limitation: The taxable value is determined by applying an assessment limitation (rollback) to the assessed market value. The limitation is calculated annually to restrict the growth in aggregate taxable value for the residential class to 3% statewide.
Residents primarily rely on personal vehicles for commuting, with most employment centers accessible via major regional highway corridors within a 30-45 minute drive.
The area features several local parks, walking trails, and community sports facilities, with additional shopping and dining options located in the nearby town center.
The rental market is characterized by low vacancy rates and stable demand, with limited short-term rental activity and a primary focus on long-term residential leases.
The local economy is supported by a mix of small businesses, regional retail, and proximity to larger employment centers in the metropolitan area.
Transportation is primarily highway-based, with ongoing maintenance of local arterial roads and limited public transit options.
Development is focused on infill residential projects and minor commercial upgrades along the main transit corridors.
The county appraisal district conducts annual assessments to determine property values for tax purposes, following state-mandated guidelines.
Parcels are subject to standard school district, county, and municipal taxes, with no significant special utility or improvement districts noted.
Property insurance remains stable, though premiums are influenced by regional weather patterns and standard risk assessments.
Data retrieved from data.census.gov using ZCTA 50040 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Boone Speedway4.715.2 mi
- Don Williams Recreation Area4.55.4 mi
- Boone & Scenic Valley Railroad & James H. Andrew Railroad Museum4.513.2 mi
- Paradox4.713.8 mi
- Jefferson Telecom4.917.9 mi
- Don Williams Recreation Area4.55.4 mi
- Spring Lake Park4.512.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Features walking trails and playground facilities serving the immediate neighborhood.
Hosts youth athletic leagues and community events.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.