Perry, IA—50220
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Perry, IA
As of Oct '25, the median home price in Perry, IA is $166,000, with a year-over-year change of 1.3%. This indicates that home prices in Perry, IA are increasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $166,000 | 1.3% |
| Single Family | $167,000 | 1.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $96,000 | -2.0% |
2 Bed | $127,000 | 0.8% |
3 Bed | $181,000 | 1.7% |
4 Bed | $216,000 | 2.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Perry, IA
As of July '25, Rentcast reports the average rent in Perry, IA is $949, with a year-over-year rent change of -24.1%. Per bedroom, the median rent as of July '25 in Perry, IA is 1-bedrooms: $864, 2-bedrooms: $960, 3-bedrooms: $1,260. The most common rental property sizes in Perry, IA are 2-bedroom and 1-bedroom, accounting for 56.9% and 18.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $920 | $949 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $895 | $864 |
| 2 Bed Rent | $900 | $960 |
| 3 Bed Rent | $920 | $1,260 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Perry, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Perry, IA is 49. This is a decrease of -25.0% 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 39.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $215,000 | 5.0% |
Listing Count | 36 | 45.0% |
| Listings as % of Homes | 0.6% | 45.0% |
Days on Market | 49 | -25.0% |
Demographics — Perry, IA
As of the latest ACS Survey released in 2023, Perry, IA has a population of 9,250, which has increased by 3.2% over the past 5 years. Perry, IA is a moderately popular place for families, as children make up 23.6% of the population. The area has a poorly educated workforce, with 17.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,250 | 3.2% |
% Under 18 | 23.6% | -12.9% |
% Seniors | 17.2% | 16.2% |
% WFH | 9.4% | 422.2% |
% w/ College Degree | 17.5% | 30.6% |
As of the latest ACS Survey released in 2023, Perry, IA is a predominantly white area, with 69.0% of the population identifying as white. The white population has grown by 11.3% in the last 5 years. The second most common race or ethnicity in Perry, IA is hispanic, making up 27.0% of the population. Foreign-born residents account for 15.9% of the population in Perry, IA, and this percentage has decreased by 16.3% 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 | 69.0% | 11.3% |
% Black | 1.6% | -62.8% |
% Hispanic | 27.0% | -13.5% |
% Asian | 0.1% | -88.9% |
% Foreign Born | 15.9% | -16.3% |
Mortgage and Risk — Perry, IA
According to HUD data as of 2023, there were 175 mortgage originations in Perry, IA, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Perry, IA. Investor activity is low, as 5.0% 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 | 175 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 5.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Perry, IA
Perry, IA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 85 |
Total Units Section 8 | 52 |
% Rentals under Section 8 | 4.2% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$35 | $895 | $860 |
| 2 Bedroom | $130 | $900 | $1,030 |
| 3 Bedroom | $460 | $920 | $1,380 |
| 4 Bedroom | N/A | N/A | $1,390 |
Affordability — Perry, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $166,000 |
| Median Household Income | $68,800 |