The story of this market
The typical home in ZIP 50427 sells for about $156,200.
Homes take about 74 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $960 a month.
ZIP 50427
The Clear Lake housing market is characterized by steady growth and a low-tax environment. Current data indicates a stable, albeit slow-paced, development pipeline with a focus on workforce housing.
The area is well-suited for those seeking a lakefront lifestyle, with a mix of residential housing options and a stable, low-tax environment.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 74 days on market with 0.0 months of supply — a balanced-paced 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 0.0% · poverty 0.0% — a stable, low-distress profile.
ZCTA 50427, Cerro Gordo 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.
The city reports continued community growth and development, including workforce housing tax credit applications for downtown projects.
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 area is centered around Clear Lake, offering significant lakefront lifestyle amenities and recreational access.
The rental market shows limited data with an average rent of $960 per month, reflecting a 20% increase over the previous year.
The local economy is supported by community growth and development, with a focus on maintaining low debt and tax rates.
Development activity includes ongoing workforce housing initiatives and recent completion of multi-family residential projects.
Data sourced from Data Commons/Census Bureau.
The primary natural amenity and lifestyle anchor for the community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.