The story of this market
The typical home in ZIP 52141 sells for about $185,000, or $112 per square foot.
Prices are up +2.8% from a year ago, so sellers still have some momentum. Homes take about 84 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $538 a month.
ZIP 52141 — Elgin
The housing market in 52141 remains stable with low inventory and modest price appreciation consistent with rural Iowa trends. Sales volume is limited by the small size of the housing stock, and the market is currently balanced between buyers and sellers. Demand is primarily driven by local residents and those seeking affordable, quiet living.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle with a low cost of living and strong community ties.
Median prices moved up 2.8% year over year.
Homes spend a median of 84 days on market with 6.2 months of supply — a balanced-paced 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 1.8% · poverty 3.8% — 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 5.4%/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
ZCTA 52141, Fayette 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 Elgin are significantly lower than the national average, with the area experiencing very few violent or property crimes annually.
The area is served by the North Fayette Valley Community School District, which maintains a stable academic reputation within the rural Iowa context.
The region faces moderate risk from severe thunderstorms and occasional flooding near the Turkey River, though wildfire risk is minimal.
Economic momentum is driven by local agricultural operations and small-scale manufacturing, with limited new large-scale infrastructure 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.
Commutes are primarily car-dependent, with residents traveling to nearby employment hubs like West Union or Oelwein via state highways.
The area features access to the Turkey River for fishing and kayaking, along with local community parks and proximity to Volga River State Recreation Area.
The rental market is characterized by low inventory and high demand for affordable housing, with limited turnover in the small stock of available units.
The local economy is anchored by agriculture, agribusiness, and small-town retail services, with many residents commuting to larger regional centers.
Transportation is entirely reliant on private vehicles, with no public transit infrastructure available in this rural setting.
There are no major commercial or residential developments currently in the pipeline for this ZIP code.
Fayette County Assessor manages property valuations, typically reassessing properties on a biennial cycle based on market sales data.
Parcels are subject to North Fayette Valley CSD levies and local county-wide emergency service district taxes.
Property insurance premiums are generally stable, though coverage for wind and hail damage is a standard consideration for homeowners.
Data retrieved from data.census.gov ZCTA 52141 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 extensive hiking, fishing, and camping opportunities nearby.
A primary natural feature supporting local outdoor recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.