The story of this market
The typical home in ZIP 50420 sells for about $400,000, or $316 per square foot.
Prices are up +23.1% from a year ago, so sellers still have some momentum. Homes take about 173 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $927 a month.
ZIP 50420
The Clear Lake housing market is currently experiencing low transaction volume with only 9 sales reported in the most recent month. Prices have seen a significant year-over-year increase, though the market is not considered highly competitive, evidenced by a long median time on market of 173 days.
The area appeals to those seeking a lakefront lifestyle, with a market currently characterized by low inventory and longer days on market.
Median prices moved up 23.1% year over year.
Homes spend a median of 173 days on market with 0.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.9% · poverty 14.7% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 50420, Clear Lake city, 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 city is actively pursuing economic development through urban renewal plans and housing initiatives like the Emerald Cove 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.
The city is centered around Clear Lake, offering significant lakefront recreational opportunities and lifestyle amenities.
The local economy is supported by tourism, lakefront lifestyle services, and ongoing municipal urban renewal efforts.
The city is actively managing urban renewal plans and residential growth through new development agreements.
Data sourced from US Census Bureau QuickFacts and Data Commons.
The primary natural amenity and anchor for the city's lifestyle and tourism.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).