The story of this market
The typical home in ZIP 50540 sells for about $174,795, or $105 per square foot.
Prices are up +24.9% from a year ago, so sellers still have some momentum. Homes take about 14 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 50540 — Fonda
The housing market in 50540 shows signs of stability with moderate price growth and low inventory levels. Demand remains steady, driven by local employment and affordability, though sales volume is limited by the current supply constraints.
This area is well-suited for families and local workers seeking affordable housing options and a quiet, community-oriented lifestyle.
Median prices moved up 24.9% year over year.
Homes spend a median of 14 days on market with 4.2 months of supply — a fast-moving market.
12% 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 4.1% · poverty 12.8% — 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 7.0%/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 3.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 50540
Crime rates in the region are generally lower than the national average, with property crime being the most frequently reported incident type.
Schools in the area are primarily served by local independent districts, which maintain moderate performance ratings and focus on community-based education.
The area faces standard Midwestern climate risks, including seasonal severe thunderstorms and occasional flooding near local waterways; insurance coverage is generally available.
Economic momentum is driven by local manufacturing, healthcare, and agricultural support services, with steady infrastructure maintenance and modest commercial 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 most residents traveling short distances to local employment hubs via regional highway corridors.
The area features local parks, community sports facilities, and access to regional trails, with basic retail and dining options concentrated in the city center.
The rental market is characterized by limited inventory and steady demand, with most units consisting of single-family homes and small apartment complexes.
The local economy is anchored by agriculture, manufacturing, and regional healthcare services, providing a stable employment base.
Transportation is primarily facilitated by regional highway access, with limited public transit options available.
Development is currently focused on small-scale residential improvements and infrastructure maintenance.
The county appraisal district conducts periodic assessments to determine property values for tax purposes.
Parcels are subject to local school district, county, and municipal tax levies.
Property insurance remains available, with premiums influenced by regional weather patterns and risk assessments.
Net migration is stable, with a balance between local residents and those moving for regional employment opportunities.
Iowa is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a property disclosure statement detailing known material defects.
Data retrieved from US Census Bureau ZCTA-level tables.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.
Provides green space and recreational facilities for local residents.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.