The story of this market
The typical home in ZIP 52240 sells for about $299,000, or $185 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,047 a month.
ZIP 52240 — Iowa City
The housing market in 52240 remains stable, supported by consistent demand from the university and healthcare sectors. While inventory is limited, the market shows resilience with steady price appreciation and a healthy sale-to-list ratio. Buyers are active, though constrained by the limited supply of single-family homes.
This ZIP is ideal for university-affiliated professionals, families seeking access to top-tier schools, and investors looking for stable rental demand. It offers a blend of urban convenience and suburban residential character.
Median prices moved up 2.5% year over year.
Homes spend a median of 45 days on market with 3.2 months of supply — a fast-moving market.
12% 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 5.2% · poverty 27.3% — a mixed stability 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 5.5%/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 5.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 52240, Johnson 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 Iowa City are generally consistent with regional averages for a university-anchored city, with property crime being the primary concern. Public safety initiatives are actively managed by local law enforcement in coordination with the university.
The area is served by the Iowa City Community School District, which is highly regarded for its academic performance and diverse programming. Schools in this ZIP code benefit from the proximity to the University of Iowa's educational resources.
The area faces moderate risk from seasonal flooding near the Iowa River and occasional severe weather events typical of the Midwest. Property insurance remains stable but reflects standard regional hazard premiums.
Economic momentum is driven by the University of Iowa and the University of Iowa Hospitals and Clinics, which serve as major regional anchors. Development is focused on infill projects and expanding housing capacity to support the growing workforce.
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 ZIP code offers convenient access to downtown Iowa City and the University of Iowa campus via major corridors like US-6 and I-80. Public transit via Iowa City Transit provides reliable coverage for commuters.
Residents have access to numerous parks, including City Park and various trail systems along the Iowa River. Shopping and dining are concentrated in the downtown district and nearby commercial centers.
The rental market is highly active due to the significant student population and university staff demand. Vacancy rates remain low, and rent growth is steady, with a mix of traditional apartments and single-family rentals.
The economy is heavily anchored by the University of Iowa and the University of Iowa Hospitals and Clinics. The region maintains a stable employment base with a focus on education, healthcare, and research.
The area is served by a network of local bus routes and is well-connected to the regional highway system, including I-80. Infrastructure investment is focused on maintaining transit efficiency and road connectivity.
Development is primarily focused on mixed-use residential and commercial projects near the university and downtown core. Planning efforts prioritize sustainable growth and housing density.
Parcels are subject to levies from the Iowa City Community School District and Johnson County. Special utility districts manage water and sewer services for the municipality.
Property insurance premiums are influenced by regional weather patterns, including flood and wind risks. Market health is stable with competitive offerings from major national carriers.
Data retrieved from data.census.gov ZCTA 52240 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.
- The Iowa Children's Museum4.87.5 mi
- DEFY Iowa City4.42.3 mi
- Cryptiq Escapes4.92.3 mi
- The Slime Kitchen4.97.5 mi
- Kinnick Stadium4.84.2 mi
- Big Grove Brewery & Taproom4.62.9 mi
- Carver-Hawkeye Arena4.74.5 mi
- Xtream Arena4.35.8 mi
- Cedar Ridge Distillery4.717.7 mi
- PinSocial Tiffin410.4 mi
- Devonian Fossil Gorge4.67.8 mi
- The Iowa Children's Museum4.87.5 mi
- DEFY Iowa City4.42.3 mi
- Stanley Museum of Art4.63.8 mi
- The Iowa Children's Museum4.87.5 mi
- Stanley Museum of Art4.63.8 mi
- Herbert Hoover National Historic Site4.79 mi
- Old Capitol Museum4.73.9 mi
- The Englert Theatre4.73.7 mi
- Devonian Fossil Gorge4.67.8 mi
- City Park4.64.8 mi
- Penn Meadows Park4.510.7 mi
- Mercer Park4.52.3 mi
- Terry Trueblood Recreation Area4.71.8 mi
- PinSocial Tiffin410.4 mi
- Finkbine Golf Course4.64.5 mi
- Pleasant Valley Golf Course4.30.8 mi
- Blue Top Ridge Golf Course4.57.8 mi
- Coral Ridge Mall4.47.6 mi
- Wilson's Orchard & Farm (Iowa City)4.57.8 mi
- Hy-Vee Grocery Store4.46.7 mi
- Hy-Vee Grocery Store4.59.3 mi
- Hy-Vee Grocery Store4.32.6 mi
- Eastern Iowa Airport4.221.8 mi
- Eastern Iowa Airport4.621.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large municipal park with river access and recreational facilities.
Major anchor providing museums, sports, and cultural events.
Historic district with diverse retail and restaurant options.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.