The story of this market
The typical home in ZIP 52620 sells for about $130,000, or $98 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $605 a month.
ZIP 52620 — Bonaparte
The housing market in 52620 remains stable with modest price appreciation and low inventory levels. Demand is driven by local employment stability, though the broader population trend is slightly declining. Market conditions are characterized by affordability relative to national averages.
This ZIP is well-suited for local workers, retirees, and budget-conscious families seeking affordable housing in a historic riverfront community.
Median prices moved up 2.1% year over year.
Homes spend a median of 62 days on market with 4.2 months of supply — a balanced-paced market.
12% 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 6.3% · poverty 5.7% — 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 3.2%/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 3.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 52620, Lee 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 the Fort Madison area are generally consistent with regional averages for similar-sized Mississippi River industrial towns, with property crime being the primary reported concern.
The area is served by the Fort Madison Community School District, which provides standard public education services; performance metrics are generally aligned with state averages for rural Iowa districts.
The geography faces moderate flood risk due to its proximity to the Mississippi River, and property insurance premiums reflect standard Midwestern wind and storm exposure.
Economic momentum is tied to regional manufacturing and healthcare sectors, with limited new large-scale commercial development currently reported in the immediate ZIP.
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.
Commuting is primarily car-dependent, with local employment concentrated in the Fort Madison industrial corridor and limited public transit options available.
The area features significant access to the Mississippi River for boating and fishing, along with local municipal parks and proximity to historic downtown shopping districts.
The rental market is characterized by stable, lower-cost housing stock with moderate vacancy pressure and limited short-term rental penetration.
The local economy is anchored by manufacturing, healthcare, and regional government services, with the Mississippi River serving as a key logistics corridor.
Transportation is dominated by highway access via US-61, with limited regional transit infrastructure.
Development is primarily focused on small-scale infill and maintenance of existing historic infrastructure.
The Lee County Assessor manages property valuations based on Iowa state law, with biennial reassessment cycles.
Parcels are subject to standard county, city, and school district levies; no specialized utility or flood control districts are reported.
Property insurance markets are stable, though premiums are influenced by regional storm and flood risk profiles.
Data retrieved from US Census Bureau and World Population Review.
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.
Major riverfront park hosting community events and providing Mississippi River access.
Central hub for local retail and dining in historic buildings.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.