The story of this market
The typical home in ZIP 50864 sells for about $105,000, or $93 per square foot.
Prices are up +125.8% from a year ago, so sellers still have some momentum. Homes take about 87 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $716 a month.
ZIP 50864 — Villisca
The housing market in 50864 is characterized by high affordability and a very high median age, reflecting a stable, aging rural population. Market activity is low-volume, with price trends showing significant volatility due to the small sample size of transactions. Overall, the market remains quiet with limited new development or economic momentum.
This area is best suited for retirees or those seeking a quiet, low-cost rural lifestyle, given the high median age and affordable housing stock.
Median prices moved up 125.8% year over year.
Homes spend a median of 87 days on market with 5.2 months of supply — a balanced-paced market.
28% 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 0.5% · poverty 10.0% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 50864
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
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 drive alone to work with an average commute time of approximately 19.7 minutes.
Local amenities are limited, with the area characterized by small-town rural geography and proximity to regional parks in Montgomery County.
The rental market is characterized by low density and limited inventory, with a median gross rent of $750.
The local economy is primarily rural and agricultural, with limited major industrial employers within the immediate ZIP code.
Transportation is heavily reliant on personal vehicle ownership, with an average of two cars per household.
Data retrieved from Census Bureau ZCTA profiles and Data USA.
Regional outdoor recreation access.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.