The story of this market
The typical home in ZIP 50635 sells for about $117,200, or $78 per square foot.
Prices are down 2.1% from a year ago, which gives buyers more room to negotiate. Homes take about 112 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $940 a month.
ZIP 50635 — Floyd
The housing market in 50635 is characterized by low inventory and slow turnover, typical of a small, stable rural community. Prices remain affordable compared to state averages, driven by limited demand and a lack of new construction. The market is currently balanced, with few price fluctuations expected in the near term.
This ZIP is best suited for local families and retirees seeking an affordable, quiet, small-town lifestyle with a low cost of living.
Median prices moved down 2.1% year over year.
Homes spend a median of 112 days on market with 6.2 months of supply — a slower-moving 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 0.5% · poverty 10.7% — 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 2.0%/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 2.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
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.
The area is served by the Gladbrook-Reinbeck Community School District, which maintains a small-town educational environment.
The region is subject to standard Midwestern weather risks, including severe thunderstorms and occasional wind events; flood risk is generally low but varies by proximity to local creeks.
The local economy is primarily driven by agriculture and small-scale local commerce, with limited new industrial 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 by private vehicle, with residents typically driving to larger employment hubs like Marshalltown or Waterloo.
Local amenities include small community parks and access to rural outdoor recreation, with limited commercial shopping options within the immediate ZIP.
The rental market is limited in depth, consisting primarily of single-family homes with low turnover and stable, modest rent levels.
The economy is heavily reliant on the agricultural sector and local service-based businesses.
Transportation is entirely dependent on personal vehicles, with no public transit infrastructure available.
There are no major commercial or residential developments currently in the pipeline for this area.
The Tama County Assessor manages property valuations based on state-mandated assessment cycles.
Parcels are subject to Gladbrook-Reinbeck CSD levies and local county service districts.
Property insurance premiums are generally stable, reflecting the low-density, low-hazard rural environment.
Data retrieved from Census Bureau ZCTA 50635 profiles.
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 green space for recreation.
A unique local attraction featuring intricate matchstick models.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.