The story of this market
The typical home in ZIP 50248 sells for about $325,000, 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 $1,021 a month.
ZIP 50248 — Story City
The housing market in 50248 remains stable and attractive, driven by its proximity to the Ames employment hub and a high quality of life. Demand remains steady, supported by a strong local income profile and limited inventory, leading to consistent year-over-year price appreciation.
This ZIP is well-suited for families and professionals seeking a quiet, community-oriented environment with convenient access to the educational and economic opportunities in Ames.
Median prices moved up 3.2% year over year.
Homes spend a median of 42 days on market with 3.8 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 3.5% · poverty 10.1% — 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 7.1%/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 6.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 50248, Story 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 Story City are generally low, consistent with the broader rural and suburban trends observed in Story County and central Iowa.
The area is served by the Roland-Story Community School District, which maintains a positive reputation for academic performance and community engagement.
The region faces standard Midwestern climate risks, including seasonal severe thunderstorms and occasional flooding near local waterways; property insurance remains stable but sensitive to regional weather patterns.
Economic momentum is driven by proximity to the Ames and Des Moines employment hubs, with steady residential development supporting the local population base.
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 commute by car, with a typical drive of approximately 23 minutes to reach major employment centers in Ames and the surrounding region.
The area features local parks, trail systems, and proximity to outdoor recreation in Story County, with essential shopping and dining located within the city limits.
The rental market is characterized by low vacancy pressure and steady demand from students and professionals working in the Ames metropolitan area.
The economy is anchored by the nearby Iowa State University and the broader Ames metropolitan employment market, with a mix of education, agriculture, and professional services.
Transportation is primarily highway-based, with easy access to Interstate 35 providing connectivity to Ames and Des Moines.
Development is focused on modest residential expansion to accommodate growth from the Ames metro area.
Story County Assessor manages property valuations based on biennial assessment cycles.
Parcels are subject to Roland-Story Community School District levies and standard county-level service districts.
Standard property insurance coverage is available, with premiums influenced by regional severe weather risk profiles.
Data retrieved from Census Reporter ZCTA 50248 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.
- Jack Trice Stadium4.712.1 mi
- Hilton Coliseum4.711.7 mi
- Stephens Auditorium4.611.7 mi
- Boone Speedway4.718 mi
- Flight Bar + Grille4.619.7 mi
- Reiman Gardens4.812.4 mi
- Cinemark Ames Movies 124.312.2 mi
- Perfect Games4.313 mi
- Ada Hayden Heritage Park4.88.1 mi
- Brookside Park4.711.1 mi
- Boone & Scenic Valley Railroad & James H. Andrew Railroad Museum4.517.3 mi
- Dahlberg Portraits4.811.3 mi
- Iowa State Center4.611.7 mi
- Octagon Center For the Arts4.711.2 mi
- Paradox4.716.9 mi
- Reiman Gardens4.812.4 mi
- Ada Hayden Heritage Park4.88.1 mi
- Brookside Park4.711.1 mi
- Inis Grove Park4.89.7 mi
- Emma McCarthy Lee Park4.711.3 mi
- Veenker Memorial Golf Course4.510.5 mi
- Coldwater Golf Links4.112.3 mi
- Inside Golf & Games4.79.6 mi
- North Grand Mall49.6 mi
- Hy-Vee Grocery Store4.411.6 mi
- T.J. Maxx4.312.3 mi
- Hy-Vee Grocery Store4.312.1 mi
- Theisen's Home Farm Auto of Ames4.412.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Local community park with green space and recreational facilities.
A historic, restored 1913 Herschell-Spillman carousel located in North Park.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.