New Virginia, IA—50210
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Virginia, IA
As of Oct '25, the median home price in New Virginia, IA is $354,000, with a year-over-year change of 2.7%. This indicates that home prices in New Virginia, IA are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $354,000 | 2.7% |
| Single Family | $355,000 | 3.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $258,000 | 2.8% |
3 Bed | $355,000 | 2.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — New Virginia, IA
New Virginia, IA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — New Virginia, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in New Virginia, IA is 53. This is a decrease of -47.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 57.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $455,000 | 30.0% |
Listing Count | 14 | 128.0% |
| Listings as % of Homes | 0.5% | 128.0% |
Days on Market | 53 | -47.0% |
Demographics — New Virginia, IA
As of the latest ACS Survey released in 2023, New Virginia, IA has a population of 1,500, which has decreased by -4.5% over the past 5 years. New Virginia, IA is a popular place for families, as children make up 25.7% of the population. The area has a moderately educated workforce, with 26.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,500 | -4.5% |
% Under 18 | 25.7% | 27.9% |
% Seniors | 20.8% | 25.3% |
% WFH | 21.9% | 271.2% |
% w/ College Degree | 26.6% | 49.4% |
As of the latest ACS Survey released in 2023, New Virginia, IA is a predominantly white area, with 90.2% of the population identifying as white. The white population has shrunk by 8.0% in the last 5 years. The second most common race or ethnicity in New Virginia, IA is hispanic, making up 8.1% of the population. Foreign-born residents account for 0.5% of the population in New Virginia, IA, and this percentage has increased by 25.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 90.2% | -8.0% |
% Black | 0.0% | N/A |
% Hispanic | 8.1% | 710.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.5% | 25.0% |
Mortgage and Risk — New Virginia, IA
According to HUD data as of 2023, there were 110 mortgage originations in New Virginia, IA, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in New Virginia, IA. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 110 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — New Virginia, IA
New Virginia, IA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 1.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $880 |
| 2 Bedroom | N/A | N/A | $1,050 |
| 3 Bedroom | N/A | N/A | $1,410 |
| 4 Bedroom | N/A | N/A | $1,410 |
Affordability — New Virginia, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $354,000 |
| Median Household Income | $96,200 |