The story of this market
The typical home in ZIP 50590 sells for about $148,851, or $102 per square foot.
Prices are up +1.4% from a year ago, so sellers still have some momentum. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $669 a month.
ZIP 50590 — Swea City
The housing market in 50590 remains stable with modest price appreciation and low inventory levels. Demand is driven by local workforce needs, resulting in a balanced market where homes sell near asking price. The area maintains affordability compared to broader state trends.
This area is best suited for families and individuals seeking an affordable, quiet, small-town lifestyle with a lower cost of living compared to urban centers.
Median prices moved up 1.4% year over year.
Homes spend a median of 68 days on market with 4.2 months of supply — a balanced-paced market.
13% of listings have cut prices · homes sell at 97% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.9% · poverty 22.2% — 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 4.0%/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 4.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 50590, Hamilton 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.
Schools in the region are primarily served by local independent districts with moderate performance ratings.
The area is subject to standard Midwestern weather risks including severe thunderstorms and occasional flooding; insurance coverage is generally available.
Economic momentum is driven by agricultural support services and local manufacturing, with stable but slow development activity.
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.
Commutes are primarily car-dependent with access to regional highway corridors connecting to larger employment hubs.
Local amenities include community parks, regional trail systems, and access to outdoor recreation areas typical of rural Iowa.
The rental market is characterized by low vacancy pressure and steady demand for workforce housing.
The economy is anchored by agriculture, manufacturing, and local government services.
Transportation is dominated by private vehicle use with limited public transit options.
Development is focused on small-scale residential and commercial maintenance.
The county assessor manages property valuations based on annual market analysis and state guidelines.
Parcels are subject to school district levies and county-wide utility and emergency service assessments.
Property insurance premiums are stable, reflecting the moderate risk profile of the region.
Net domestic migration is relatively flat with modest turnover.
Iowa is a judicial foreclosure state requiring court intervention for the process.
Sellers are required to provide a standard real estate disclosure form regarding the condition of the property.
Data retrieved from US Census Bureau 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.
Historic anchor building in the county seat.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.