The story of this market
The typical home in ZIP 50515 sells for about $135,000, or $82 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 98 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,313 a month.
ZIP 50515 — Ayrshire
The housing market in 50515 is characterized by low inventory and slow turnover, typical of a rural Iowa community. Prices remain stable with modest year-over-year growth, driven by limited supply rather than high demand. The market is primarily local, with few external investment pressures.
This ZIP is best suited for those seeking a quiet, rural lifestyle, including retirees or individuals employed in local agricultural or service sectors.
Median prices moved up 2.4% year over year.
Homes spend a median of 98 days on market with 6.5 months of supply — a slower-moving 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 0.0% · poverty 13.5% — 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 4.0%/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 2.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 50515, Iowa
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Schools serving the area are part of rural district systems with limited local data, generally reflecting small-town Iowa educational standards.
The area is subject to standard Midwestern weather risks including severe thunderstorms and occasional flooding; insurance premiums are generally stable but sensitive to regional catastrophe trends.
Economic momentum is driven primarily by regional agriculture and small-scale local services, with limited large-scale industrial or corporate 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 by private vehicle, with residents traveling to nearby regional hubs for employment; public transit is not available.
Recreation is centered on rural outdoor activities, local parks, and community-based sports facilities within the surrounding townships.
The rental market is characterized by low inventory and limited turnover, primarily serving local workers and long-term residents.
The local economy is heavily reliant on the agricultural sector, including crop production and related support services.
Transportation is entirely dependent on personal vehicle use via state and county highway networks.
There are no major commercial or residential developments currently approved or under construction in this ZIP.
Parcels are subject to local school district levies and county-wide property tax assessments.
Property insurance availability is stable, though premiums are influenced by regional exposure to severe weather events.
Data retrieved from US Census Bureau ZCTA-level tables.
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.
- Clay County Fair & Events Center4.617.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Local community green space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.