The story of this market
The typical home in ZIP 50841 sells for about $160,000, or $105 per square foot.
Homes take about 88 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $763 a month.
ZIP 50841 — Corning
The housing market in 50841 is characterized by low inventory and stable, modest price growth. Demand remains consistent with local population needs, and the market is currently balanced between buyers and sellers due to the limited supply of available homes.
This ZIP is best suited for families and individuals seeking an affordable, quiet, small-town lifestyle with strong community ties.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 88 days on market with 5.0 months of supply — a balanced-paced market.
10% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 11.1% — 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 6.0%/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 3.9%/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 50841, Adams 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 Corning are generally low, consistent with rural Adams County trends and significantly below national averages.
The area is served by the Corning Community School District, which maintains a stable reputation for small-town educational outcomes.
The region faces standard Midwestern risks including severe thunderstorms and occasional flooding, with insurance premiums remaining moderate compared to coastal markets.
Economic momentum is driven by local agriculture and small-scale manufacturing, with limited large-scale infrastructure development currently underway.
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 typically driving to nearby regional hubs for employment.
The area features access to local parks, the Lake Icaria recreation area for fishing and boating, and community-focused sports facilities.
The rental market is characterized by low inventory and steady demand from local workers, with limited short-term rental presence.
The economy is anchored by agricultural production, local government, and small-business services in Corning.
Transportation is dominated by private vehicle use on state highways; no public transit infrastructure exists.
Development is focused on small-scale residential infill and maintenance of existing infrastructure.
Adams County Assessor manages property valuations based on biennial assessment cycles.
Parcels are subject to school district taxes and county-level levies for emergency services and road maintenance.
Property insurance remains accessible, though premiums are sensitive to regional severe weather events.
Net domestic migration is stable with modest turnover typical of rural Iowa communities.
Iowa is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a standard real estate disclosure statement regarding the condition of the property.
Data retrieved from data.census.gov ZCTA 50841 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.
Major regional recreation area for fishing, camping, and boating.
Central community green space with playground and picnic facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.