The story of this market
The typical home in ZIP 50106 sells for about $215,000, or $138 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $678 a month.
ZIP 50106 — Gilman
The housing market in 50106 is characterized by low inventory and slow, steady price appreciation typical of a rural Iowa community. Sales volume remains thin, and the market is driven by local demand rather than speculative investment, resulting in a stable but quiet environment.
This ZIP is best suited for families and individuals seeking a quiet, affordable rural lifestyle who are comfortable with a longer commute to larger employment centers.
Median prices moved up 3.2% year over year.
Homes spend a median of 48 days on market with 4.5 months of supply — a fast-moving market.
8% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.7% · poverty 4.7% — 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.
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 5.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 50106, Marshall 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 the Gilman area are generally low, consistent with rural Marshall County trends and significantly below state and national averages.
The area is served by the East Marshall Community School District, which maintains a stable academic reputation typical of small-town Iowa districts.
The region faces standard Midwestern risks, primarily severe thunderstorms and occasional wind events; flood risk is localized to specific low-lying areas near regional creeks.
Economic momentum is driven by regional agricultural production and proximity to the Des Moines metro employment corridor, though local development remains modest.
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 30-45 minutes to reach major employment hubs in Marshalltown or the Des Moines metro area.
Local recreation is centered on small community parks and rural outdoor activities, with larger shopping and entertainment amenities located in nearby Marshalltown.
The rental market is limited in depth, consisting primarily of single-family homes with low turnover and stable, modest rent growth.
The local economy is anchored by agriculture and small-scale local services, with many residents commuting to larger industrial and corporate employers in Marshalltown.
Transportation is entirely reliant on private vehicles, with access to regional highways connecting to the broader Des Moines metropolitan area.
There are no major large-scale commercial or residential developments currently approved or under construction within the ZIP code.
Marshall County Assessor manages property valuations, utilizing a biennial assessment cycle based on market value and agricultural productivity formulas.
Parcels are subject to East Marshall Community School District levies and standard county-wide emergency service and administrative districts.
Property insurance premiums are stable, reflecting the low-density rural environment, though coverage for wind and hail damage remains a standard consideration.
Iowa experiences modest net domestic migration, with rural areas like Gilman seeing stable population levels rather than significant growth or decline.
Iowa is a judicial foreclosure state, requiring court action to complete the process, which typically results in longer timelines for lenders.
Iowa law requires sellers to provide a written disclosure statement regarding the condition of the property, covering major systems and known defects.
Data retrieved from data.census.gov ZCTA-level tables.
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 providing basic recreational facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.