The story of this market
The typical home in ZIP 51450 sells for about $214,000, or $108 per square foot.
Prices are down 30% from a year ago, which gives buyers more room to negotiate. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $683 a month.
ZIP 51450 — Lake View
The housing market in 51450 is currently experiencing a significant correction with a 30% year-over-year decline in median prices. Low sales volume and rising inventory suggest a cooling trend, likely driven by broader economic shifts in rural Iowa markets.
This rural ZIP code is primarily suited for local residents and those seeking affordable, low-density housing in a quiet, small-town environment.
Median prices moved down 30.0% year over year.
Homes spend a median of 62 days on market with 4.7 months of supply — a balanced-paced market.
13% of listings have cut prices · homes sell at 97.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.3% · poverty 8.2% — 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 5.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 51450, Carroll 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.
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.
The local economy is primarily driven by agriculture and small-scale local services typical of rural Iowa.
Data retrieved from data.census.gov ZCTA-level tables.
- Black Hawk State Park4.61.2 mi
- World's Largest Popcorn Ball4.38.5 mi
- Hagge County Park4.66 mi
- Black Hawk State Park4.61.2 mi
- Hagge County Park4.66 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.