The story of this market
The typical home in ZIP 50421 sells for about $162,500, or $105 per square foot.
Homes take about 85 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $818 a month.
ZIP 50421 — Belmond
The housing market in 50421 is characterized by low inventory and stable, modest price growth. Demand remains consistent with local population needs, driven by affordability and the rural lifestyle, though sales volume is limited by the small size of the market.
This ZIP is best suited for families and individuals seeking an affordable, quiet, small-town lifestyle with a low cost of living.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 85 days on market with 0.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 16.8% — 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 6.1%/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 5.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 50421, Wright 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.
The area is served by the Belmond-Klemme Community School District, which provides standard public education for the region.
The region is primarily subject to standard Midwestern weather risks, including seasonal wind and storm events.
The local economy is anchored by agricultural support services and small-scale manufacturing, with steady but slow development 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.
Commuting is primarily car-dependent, with residents traveling to nearby regional employment hubs via local highway corridors.
Local amenities include community parks and access to outdoor recreation typical of rural Iowa, with basic shopping and dining located within the city of Belmond.
The rental market is characterized by low inventory and stable demand, primarily serving local workers and small families.
The economy is driven by agriculture, manufacturing, and local retail services.
Transportation is entirely reliant on private vehicles with no significant public transit infrastructure.
Development is limited to small-scale residential and commercial improvements.
Parcels are subject to standard school district and county-level property tax levies.
Standard property insurance coverage is available, with premiums influenced by regional weather risk profiles.
Data retrieved from census.gov ZCTA profiles.
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.
- Heartland Museum4.810.1 mi
- Heartland Museum4.810.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Local green space for community recreation.
Provides local fishing and outdoor access.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.