The story of this market
The typical home in ZIP 50623 sells for about $175,000, or $112 per square foot.
Prices are up +2.1% 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 $850 a month.
ZIP 50623 — Dewar
The housing market in 50623 remains stable with low inventory and modest price growth, reflecting the slow-paced nature of this rural Iowa community. Limited sales volume and a lack of new development keep the market balanced, with affordability remaining a key driver for local buyers.
This ZIP is best suited for families and individuals seeking a quiet, affordable rural lifestyle, as well as local workers who prioritize community stability over urban amenities.
Median prices moved up 2.1% year over year.
Homes spend a median of 98 days on market with 6.0 months of supply — a slower-moving 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 0.0% · poverty 0.0% — 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 4.8%/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
net outflow — more people moved out than in
ZCTA 50623, Butler 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 this rural Butler County area remain consistently low, with incidents significantly below both state and national averages.
Schools serving the area are part of regional rural districts that maintain stable, community-focused educational environments with moderate performance ratings.
The area is primarily agricultural with low wildfire risk, though localized flood risks exist near regional waterways; standard property insurance remains available.
Economic momentum is driven by regional agriculture and small-scale manufacturing, with limited new large-scale infrastructure or corporate development projects.
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 regional employment hubs via state highway corridors.
Local recreation centers on outdoor activities, including access to regional parks, small-town community centers, and local sports fields.
The rental market is characterized by low inventory and high stability, with most units consisting of single-family homes rather than large apartment complexes.
The local economy is anchored by agricultural production and small-town service industries, with limited industrial diversification.
Transportation infrastructure is limited to rural highway networks; there is no public transit system serving this area.
There are no major commercial or residential developments currently approved or under construction in this ZIP code.
The Butler County Assessor manages property valuations, utilizing a mass appraisal system to determine taxable values for all residential parcels.
Parcels are subject to local school district levies and county-wide emergency service and utility district assessments.
Property insurance premiums are generally stable, reflecting the low-hazard, rural nature of the geography.
The region experiences slow population change, with net migration remaining near neutral as residents balance rural living with regional employment access.
Iowa operates as a judicial foreclosure state, requiring court intervention and providing specific redemption periods for homeowners.
Sellers are required to provide a standard real estate disclosure form detailing the condition of the property at the time of listing.
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.
- Lost Island Waterpark4.57.4 mi
- Lost Island Themepark4.57.2 mi
- Get Air Trampoline Park4.39.4 mi
- Palmer's Family Fun4.77.8 mi
- Chuck E. Cheese4.210.6 mi
- UNI-Dome4.512.6 mi
- Young Arena4.76.6 mi
- Starbeck's Smokehouse4.46.8 mi
- McLeod Center4.712.6 mi
- Waterloo Convention Center4.36.5 mi
- Marcus Crossroads Cinema4.46.9 mi
- George Wyth State Park4.69.7 mi
- Maple Lanes Bowling Center4.58.4 mi
- Cadillac XBC4.46.2 mi
- Chuck E. Cheese4.210.6 mi
- George Wyth State Park4.69.7 mi
- Hartman Reserve Nature Center4.89.9 mi
- Pfeiffer Springs Park4.610.9 mi
- Place to Play Park4.912.4 mi
- Cedar Valley Arboretum & Botanic Gardens4.78.5 mi
- Gates Park Golf Course4.45.3 mi
- South Hills Golf Course4.57.8 mi
- Irv Warren Memorial Golf Course4.48.1 mi
- Red Carpet Golf Course3.94.9 mi
- Blain's Farm & Fleet4.411.7 mi
- Hy-Vee Grocery Store4.411.1 mi
- Kohl's4.210.7 mi
- Fleet Farm4.412.4 mi
- Ross Dress for Less411.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Hosts regional community events and agricultural exhibitions.
Provides basic outdoor recreation and playground facilities for residents.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.