The story of this market
The typical home in ZIP 50607 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 $958 a month.
ZIP 50607 — Aurora
The housing market in 50607 is characterized by low inventory and slow turnover, typical of a rural Iowa community. Prices have seen modest year-over-year growth, driven by limited supply rather than high demand. The market remains stable with little speculative activity.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle with affordable housing costs, provided they are comfortable with a longer commute to larger employment centers.
Median prices moved up 2.8% year over year.
Homes spend a median of 84 days on market with 6.0 months of supply — a balanced-paced market.
8% 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 6.0% · poverty 14.4% — 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 4.5%/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 4.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 50607, Buchanan 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 Wapsie Valley Community School District, which provides rural public education typical of northeast Iowa.
The region is subject to standard Midwestern weather risks, including severe thunderstorms and occasional flooding near local waterways.
The local economy is primarily driven by agriculture and small-scale local commerce, with limited large-scale 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.
Residents typically rely on personal vehicles for commuting to nearby employment hubs like Waterloo or Cedar Falls, with travel times generally exceeding 30 minutes.
The area features access to rural outdoor activities, including local parks and proximity to the Wapsipinicon River for fishing and boating.
The rental market is limited in depth, consisting primarily of single-family homes with low turnover and minimal institutional investor presence.
The economy is heavily reliant on the agricultural sector, with support from small businesses and services in nearby towns.
Transportation is entirely dependent on private vehicle use via state and county highway networks.
There are no major commercial or residential developments currently approved or under construction in this rural ZIP code.
Parcels are subject to Buchanan County property taxes and the Wapsie Valley Community School District levy.
Property insurance premiums are generally stable but reflect regional exposure to severe weather events common in Iowa.
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.
- Delaware County Fair4.417.7 mi
- Backbone State Park4.712.2 mi
- Cedar Rock State Park - Frank Lloyd Wright designed Walter Estate4.812.7 mi
- Fontana County Park4.76.9 mi
- Backbone State Park Beach4.512.2 mi
- Heartland Acres Agribition Center4.512.7 mi
- Backbone State Park4.712.2 mi
- Cedar Rock State Park - Frank Lloyd Wright designed Walter Estate4.812.7 mi
- Fontana County Park4.76.9 mi
- Backbone State Park Beach4.512.2 mi
- Oelwein City Park4.38 mi
- Dollar Fresh Market4.38.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides local opportunities for fishing, kayaking, and outdoor recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.