The story of this market
The typical home in ZIP 50466 sells for about $229,267, or $115 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 88 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $775 a month.
ZIP 50466 — Riceville
The housing market in 50466 is characterized by low inventory and slow turnover, typical of a rural Iowa community. Prices have seen modest appreciation, driven by limited supply rather than high demand. The market remains stable with little speculative activity.
This ZIP is best suited for families and individuals seeking a quiet, affordable rural lifestyle with a strong sense of community.
Median prices moved up 3.2% year over year.
Homes spend a median of 88 days on market with 6.5 months of supply — a slower-moving market.
15% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.3% · poverty 9.5% — 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 8.0%/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 6.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 50466, 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 area is served by the Riceville Community School District, which maintains a small-town educational environment.
The region is primarily subject to standard Midwestern weather risks, including seasonal wind and occasional severe storm activity.
The local economy is anchored by agricultural production and small-scale manufacturing, with limited new commercial 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.
Residents typically rely on personal vehicles for commuting, with limited public transit options available in this rural setting.
Local recreation includes community parks and access to rural outdoor spaces, with basic shopping and dining located within the city limits.
The rental market is characterized by low inventory and stable, modest demand, primarily serving local workers.
The economy is primarily driven by the agricultural sector and local small businesses supporting the rural community.
Transportation is dominated by regional highway access; there is no significant public transit infrastructure.
Development is currently limited to small-scale residential maintenance and minor infrastructure improvements.
Parcels are subject to local school district levies and county-wide property tax assessments.
Property insurance premiums are generally stable, reflecting the low-density rural risk profile.
Data retrieved from Census Bureau 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.
Provides local green space and community gathering areas.
Offers local fishing and outdoor recreation opportunities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.