The story of this market
The typical home in ZIP 50616 sells for about $135,000, or $171 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 85 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $734 a month.
ZIP 50616 — Charles City
The housing market in 50616 remains stable with modest price appreciation and low inventory levels. Demand is driven by local employment stability, though the market is characterized by a slow pace of sales and limited new construction activity.
This ZIP is well-suited for retirees and families seeking an affordable, small-town lifestyle with a lower cost of living compared to larger Iowa metro areas.
Median prices moved up 2.1% year over year.
Homes spend a median of 85 days on market with 6.2 months of supply — a balanced-paced market.
12% 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 3.6% · poverty 13.4% — 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 2.8%/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 2.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 50616, Floyd 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 Charles City are generally lower than the national average, with property crime being the most frequently reported incident type.
The Charles City Community School District serves the area, generally maintaining average state performance ratings for its elementary and secondary facilities.
The area faces moderate risk from seasonal flooding due to the proximity of the Cedar River, with standard insurance requirements for properties in designated floodplains.
Economic momentum is driven by local manufacturing and agricultural support services, with steady infrastructure maintenance and modest 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.
Commuting is primarily car-dependent, with most residents working within Charles City or traveling to nearby regional employment hubs via US-218.
The area features access to the Cedar River for fishing and boating, several local parks, and a municipal golf course, with basic retail shopping available downtown.
The rental market is characterized by low turnover and steady demand from single adults and small families, with limited new multi-family supply.
The economy is anchored by manufacturing, healthcare, and agricultural processing, providing a stable employment base for the region.
Development is focused on small-scale residential infill and downtown infrastructure improvements.
Parcels are subject to the Charles City Community School District and local county tax levies.
Property insurance premiums are stable, though flood insurance is a critical consideration for properties near the river.
Data retrieved from data.census.gov ZCTA 50616 profile.
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 recreational fishing, boating, and scenic trails.
Public 18-hole course serving the local community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.