The story of this market
The typical home in ZIP 50112 sells for about $249,000, or $136 per square foot.
Prices are roughly flat from a year ago (+0.9%), a market in balance. Homes take about 57 days to sell. HUD's fair market rent for a two-bedroom is $894 a month.
ZIP 50112 — Grinnell
The Grinnell housing market remains stable with consistent demand driven by the local college and manufacturing base. While inventory is limited, prices have seen modest growth, reflecting a balanced market environment for both buyers and sellers.
This ZIP is ideal for families seeking a small-town atmosphere, college faculty and staff, and retirees looking for a stable, affordable community with access to regional amenities.
Median prices moved up 0.9% year over year.
Homes spend a median of 57 days on market with 4.2 months of supply — a fast-moving market.
19% of listings have cut prices · homes sell at 98.9% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.0% · poverty 9.1% — 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 7.0%/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 5.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 50112, Poweshiek 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 in the Grinnell area is generally considered low compared to larger metropolitan centers in Iowa, with property crime being the primary concern.
The area is served by the Grinnell-Newburg Community School District, which maintains a solid reputation for academic performance and community engagement.
The region faces standard Midwestern risks, including severe thunderstorms and occasional flooding near local creek beds, with standard insurance coverage typically sufficient.
Grinnell serves as a regional hub for education and manufacturing, anchored by Grinnell College and several industrial employers, providing stable economic momentum.
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.
Located along I-80, the area serves as a self-contained employment hub, though residents commuting to Des Moines face a drive of approximately 60 minutes.
The area features several local parks, the Grinnell College golf course, and proximity to Lake Ponderosa for outdoor activities.
The rental market is influenced by the student population of Grinnell College, leading to consistent demand and low vacancy rates for well-maintained units.
The economy is anchored by Grinnell College and a diverse manufacturing base, providing a stable employment environment for the region.
The area is primarily car-dependent, with I-80 providing the main artery for regional travel and logistics.
Development is focused on maintaining the historic character of the downtown area while supporting modest residential growth on the city's periphery.
Poweshiek County Assessor manages property valuations, with assessments updated periodically to reflect market conditions.
Parcels are subject to school district levies and county-wide service taxes, with no major MUD/PID districts reported.
Property insurance premiums are stable, reflecting the area's low risk profile for major natural disasters.
Data retrieved from data.census.gov ZCTA-level tables.
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.
- Iowa Speedway4.515.3 mi
- Marshalltown Speedway4.719.8 mi
- Rock Creek State Park4.55.1 mi
- Green Castle Recreation Area4.512.7 mi
- Jacob Krumm Nature Preserve4.74.7 mi
- Mariposa County Park4.611.5 mi
- Strand 34.41.8 mi
- Saints Rest Coffee House4.61.8 mi
- Rock Creek State Park4.55.1 mi
- Green Castle Recreation Area4.512.7 mi
- Jacob Krumm Nature Preserve4.74.7 mi
- Mariposa County Park4.611.5 mi
- Central Park4.61.9 mi
- Rock Creek Marina4.65.3 mi
- Hy-Vee Grocery Store4.32.8 mi
- Theisen's Home Farm Auto of Grinnell4.32.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A highly-ranked private liberal arts college that serves as a cultural and economic anchor.
A large community park offering sports fields, trails, and recreational facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.