New Sharon, IA—50207
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Sharon, IA
As of Oct '25, the median home price in New Sharon, IA is $209,000, with a year-over-year change of 2.4%. This indicates that home prices in New Sharon, IA are increasing. According to Zillow, the 1-year price projection is 3.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $209,000 | 2.4% |
| Single Family | $209,000 | 2.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $151,000 | 4.1% |
3 Bed | $212,000 | 3.4% |
4 Bed | $254,000 | 1.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — New Sharon, IA
As of July '25, Rentcast reports the average rent in New Sharon, IA is $1,020, with a year-over-year rent change of 27.5%. Per bedroom, the median rent as of July '25 in New Sharon, IA is 2-bedrooms: $800, 4-bedrooms: $1,240. The most common rental property sizes in New Sharon, IA are 2-bedroom and 4-bedroom, accounting for 42.3% and 33.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $800 | $1,020 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $800 | $800 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $1,240 | $1,240 |
% of Rental Stock
Property Listings — New Sharon, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in New Sharon, IA is 114. This is a increase of 26.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $385,000 | 73.0% |
Listing Count | 10 | -3.0% |
| Listings as % of Homes | 0.3% | -3.0% |
Days on Market | 114 | 26.0% |
Demographics — New Sharon, IA
As of the latest ACS Survey released in 2023, New Sharon, IA has a population of 2,360, which has increased by 12.8% over the past 5 years. New Sharon, IA is a moderately popular place for families, as children make up 19.4% of the population. The area has a poorly educated workforce, with 22.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,360 | 12.8% |
% Under 18 | 19.4% | -1.5% |
% Seniors | 14.9% | -22.4% |
% WFH | 5.8% | -22.7% |
% w/ College Degree | 22.4% | 21.7% |
As of the latest ACS Survey released in 2023, New Sharon, IA is a predominantly white area, with 98.1% of the population identifying as white. The white population has shrunk by 1.7% in the last 5 years. The second most common race or ethnicity in New Sharon, IA is black, making up 0.0% of the population. Foreign-born residents account for 0.0% of the population in New Sharon, IA, and this percentage has decreased by 100.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 98.1% | -1.7% |
% Black | 0.0% | N/A |
% Hispanic | 0.0% | N/A |
% Asian | 0.0% | N/A |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — New Sharon, IA
According to HUD data as of 2023, there were 56 mortgage originations in New Sharon, IA, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in New Sharon, IA. Investor activity is low, as 12.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 56 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 12.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — New Sharon, IA
New Sharon, IA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $730 |
| 2 Bedroom | $80 | $800 | $880 |
| 3 Bedroom | N/A | N/A | $1,090 |
| 4 Bedroom | -$80 | $1,240 | $1,160 |
Affordability — New Sharon, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $209,000 |
| Median Household Income | $76,400 |