The story of this market
The typical home in ZIP 50631 sells for about $130,137, or $85 per square foot.
Prices are up +5.2% from a year ago, so sellers still have some momentum. Homes take about 92 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $667 a month.
ZIP 50631 — Frederika
The Gladbrook housing market is characterized by low inventory and slow, steady price appreciation consistent with rural Iowa trends. Market activity is limited by a small population base and a lack of new development, resulting in a stable but quiet environment for buyers and sellers.
This ZIP is best suited for families and individuals seeking a quiet, affordable, small-town lifestyle in a rural setting, rather than commuters or investors looking for high-growth urban opportunities.
Median prices moved up 5.2% year over year.
Homes spend a median of 92 days on market with 6.0 months of supply — a balanced-paced market.
15% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.1% · poverty 14.7% — 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 4.8%/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 3.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 50635, Tama 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 Gladbrook are generally low, consistent with small-town rural Iowa, and are significantly lower than national averages.
The area is served by the Gladbrook-Reinbeck Community School District, which is recognized for its small class sizes and community-focused educational environment.
The region faces standard Midwestern risks, including severe thunderstorms and occasional flooding, with insurance premiums reflecting typical Iowa agricultural-zone risk profiles.
The local economy is primarily driven by agriculture and small-scale local commerce, with limited large-scale industrial development or major corporate infrastructure 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.
Residents typically commute by car to nearby employment hubs in Tama or Marshall counties, with an average commute time of approximately 28 minutes.
Local amenities include community parks, local sports fields, and proximity to rural outdoor activities, with limited large-scale shopping or entertainment venues within a 3-mile radius.
The rental market is small and primarily composed of single-family homes, with low turnover and limited investor-driven short-term rental activity.
The economy is anchored by the agricultural sector and local small businesses, with employment opportunities largely concentrated in nearby regional centers.
Transportation is almost exclusively reliant on private vehicles, with no public transit infrastructure serving the area.
There are no major large-scale commercial or residential developments currently approved or under construction in the immediate area.
Tama County Assessor manages property valuations, utilizing a standard market-value assessment approach for residential parcels.
Parcels are subject to the Gladbrook-Reinbeck Community School District and standard county-level taxing authorities.
Property insurance remains stable, though premiums are influenced by regional exposure to severe weather events common in the Iowa plains.
The state of Iowa experiences modest net domestic migration, with rural areas like Tama County seeing slight population declines.
Iowa is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Iowa law requires sellers to provide a written disclosure statement regarding the condition of the property to potential buyers.
Data retrieved from Census Reporter and Data USA profiles for Gladbrook, IA.
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.
Local community park providing green space and recreational facilities.
Historic local venue serving as a community cultural anchor.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.