The story of this market
The typical home in ZIP 50157 sells for about $215,000, or $135 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 $638 a month.
ZIP 50157 — Malcom
The housing market in 50157 remains stable with modest price appreciation driven by limited inventory and consistent demand. Market conditions are balanced, reflecting the steady economic influence of local institutions and manufacturing employers.
This ZIP is well-suited for families and professionals seeking a stable, small-town environment with access to higher education and a lower cost of living compared to major metros.
Median prices moved up 3.2% year over year.
Homes spend a median of 48 days on market with 5.2 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.4% · poverty 6.6% — 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 4.5%/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 3.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 50157, Poweshiek County, 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.
Crime rates in the Poweshiek County area are generally low compared to national averages, with property crime being the most frequently reported incident type.
The area is primarily served by the Grinnell-Newburg Community School District, which maintains a stable reputation for academic performance within the region.
The region faces moderate risks from severe thunderstorms and occasional flooding near local waterways, with standard insurance coverage typically available.
Economic momentum is anchored by Grinnell College and local manufacturing, providing a stable employment base with modest infrastructure investment.
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 traveling to local employment hubs in Grinnell or nearby regional centers via I-80.
The area features access to local parks, the Grinnell College golf course, and various community trails, with basic retail and dining concentrated in the city center.
The rental market is characterized by steady demand from students and local workers, with limited new inventory keeping vacancy rates low.
The economy is heavily influenced by Grinnell College and regional manufacturing, creating a stable, education-and-industry-focused labor market.
Transportation is dominated by private vehicle use, with I-80 serving as the primary corridor for regional connectivity.
Development is focused on modest residential infill and institutional improvements within the Grinnell city limits.
The Poweshiek County Assessor manages property valuations based on annual market analysis and state-mandated assessment cycles.
Parcels are subject to school district levies and local municipal taxes, with no significant MUD/PID presence reported.
Property insurance remains stable, though premiums are sensitive to regional weather patterns and storm-related claims.
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.
Public-accessible course serving the local community.
Large recreational space with sports fields and trails.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.