Polk City, IA—50226
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Polk City, IA
As of Oct '25, the median home price in Polk City, IA is $424,000, with a year-over-year change of 2.5%. This indicates that home prices in Polk City, IA are increasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $424,000 | 2.5% |
| Single Family | $437,000 | 2.6% |
| Condos | $261,000 | 4.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $274,000 | 3.4% |
3 Bed | $366,000 | 2.2% |
4 Bed | $488,000 | 2.3% |
| 5 Bed | $618,000 | 1.1% |
% of Housing Stock
Rental Trends — Polk City, IA
As of July '25, Rentcast reports the average rent in Polk City, IA is $2,400, with a year-over-year rent change of 122.2%. Per bedroom, the median rent as of July '25 in Polk City, IA is 3-bedrooms: $2,250, 4-bedrooms: $2,480. The most common rental property sizes in Polk City, IA are 2-bedroom and 1-bedroom, accounting for 75.0% and 25.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,450 | $2,400 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,250 | $2,250 |
| 4 Bed Rent | $2,450 | $2,480 |
% of Rental Stock
Property Listings — Polk City, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Polk City, IA is 56. This is a decrease of -31.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $549,000 | 20.0% |
Listing Count | 61 | 24.0% |
| Listings as % of Homes | 3.2% | 24.0% |
Days on Market | 56 | -31.0% |
Demographics — Polk City, IA
As of the latest ACS Survey released in 2023, Polk City, IA has a population of 7,290, which has increased by 15.9% over the past 5 years. Polk City, IA is a popular place for families, as children make up 29.7% of the population. The area has a highly educated workforce, with 48.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,290 | 15.9% |
% Under 18 | 29.7% | -12.6% |
% Seniors | 11.2% | 13.1% |
% WFH | 15.7% | 503.8% |
% w/ College Degree | 48.1% | 7.4% |
As of the latest ACS Survey released in 2023, Polk City, IA is a predominantly white area, with 96.0% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Polk City, IA is hispanic, making up 1.7% of the population. Foreign-born residents account for 0.0% of the population in Polk City, 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 | 96.0% | -2.9% |
% Black | 0.3% | 50.0% |
% Hispanic | 1.7% | 750.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Polk City, IA
According to HUD data as of 2023, there were 250 mortgage originations in Polk City, IA, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Polk City, IA. Investor activity is low, as 5.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 250 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Polk City, IA
Polk City, 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 | 0.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $950 |
| 2 Bedroom | N/A | N/A | $1,140 |
| 3 Bedroom | -$720 | $2,250 | $1,530 |
| 4 Bedroom | -$870 | $2,450 | $1,580 |
Affordability — Polk City, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $424,000 |
| Median Household Income | $162,000 |