The story of this market
The typical home in ZIP 52640 sells for about $94,900, or $70 per square foot.
Homes take about 120 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $806 a month.
ZIP 52640 — Morning Sun
The housing market in 52640 is characterized by low inventory and modest price points, reflecting its rural nature. Demand remains steady but limited, with few transactions occurring monthly. Market conditions are stable with no significant price volatility reported.
This ZIP is best suited for budget-conscious buyers or those seeking a quiet, rural lifestyle who are comfortable with a commute to larger regional employment centers.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 120 days on market with 4.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.3% · poverty 9.7% — a stable, low-distress profile.
ZCTA 52640
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 Morning Sun Community School District, which provides rural educational services typical of small Iowa towns.
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 commutes to nearby employment hubs like Mount Pleasant or Muscatine.
Local recreation is centered on small community parks and access to rural outdoor activities, with limited commercial shopping within the immediate ZIP.
The rental market is characterized by low inventory and limited turnover, primarily consisting of single-family home rentals.
The economy is heavily reliant on the agricultural sector and small businesses serving the local rural population.
Transportation is entirely dependent on private vehicle use via state and county highway networks.
There are no major large-scale commercial or residential developments currently reported for this rural ZIP code.
Parcels are subject to local school district taxes and county-level property assessments.
Property insurance premiums are generally stable, reflecting the low-density rural risk profile of the area.
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.
- Fun City4.319.9 mi
- Huck's Harbor4.420 mi
- Midwest Old Threshers Reunion4.817.4 mi
- 34 Raceway4.717.9 mi
- The Outpost Bar & Grill4.419.9 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 for outdoor recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.