The story of this market
The typical home in ZIP 51532 sells for about $185,000, or $112 per square foot.
Prices are up +2.8% from a year ago, so sellers still have some momentum. Homes take about 94 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $817 a month.
ZIP 51532 — Elliott
The housing market in 51532 is characterized by very low inventory and minimal sales activity, typical of a rural agricultural community. Prices have seen modest appreciation over the last decade, driven by limited supply rather than high demand. The market remains stable with little volatility expected in the near term.
This ZIP is best suited for those seeking a quiet, rural lifestyle, including retirees and families looking for affordable housing in a small-town setting.
Median prices moved up 2.8% year over year.
Homes spend a median of 94 days on market with 4.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 19.0% — 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 7.7%/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 6.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 51532, Iowa
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 Griswold Community School District, which maintains a small-town educational environment.
The region is primarily agricultural with standard Midwestern weather risks; flood and wind insurance are recommended for property owners.
The local economy is driven by agriculture and small-scale local services with limited new commercial development.
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 typically commute by personal vehicle to nearby employment hubs in Atlantic or Red Oak.
Local recreation is centered on rural outdoor activities, small community parks, and proximity to regional trail systems.
The rental market is limited with low turnover and primarily consists of single-family homes.
The economy is heavily reliant on the agricultural sector and local small businesses.
Transportation is entirely dependent on private vehicle use via state and county highways.
No major commercial or residential developments are currently reported for this rural ZIP.
Parcels are subject to county-level property taxes and the Griswold Community School District levy.
Standard property insurance is available, though premiums are influenced by regional severe weather patterns.
Data retrieved from data.census.gov for ZCTA 51532.
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.
Local community green space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.