The story of this market
The typical home in ZIP 52324 sells for about $352,621, or $174 per square foot.
Prices are down 2.4% from a year ago, which gives buyers more room to negotiate. Homes take about 57 days to sell. HUD's fair market rent for a two-bedroom is $878 a month.
ZIP 52324 — Traer
The housing market in 52324 is currently experiencing a cooling trend with declining prices and rising inventory levels. High interest rates and a challenging cash-flow environment for investors are driving a more cautious outlook for the area.
This ZIP is primarily suited for family buyers seeking a suburban environment in Palo, though investors should exercise caution due to limited cash-flow potential.
Median prices moved down 2.4% year over year.
Homes spend a median of 57 days on market with 9.6 months of supply — a slower-moving market.
28% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.9% · poverty 3.6% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 52324, Linn 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.
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.
The rental market in 52324 is characterized by low renter density and limited yield potential for investors, with rents averaging $1,017 per month.
The local economy is tied to the broader Linn County region, which features a mix of manufacturing, healthcare, and service-sector employers.
Data retrieved from census.gov ZCTA-level profiles.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.