Prairie City, IA—50228
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Prairie City, IA
As of Oct '25, the median home price in Prairie City, IA is $256,000, with a year-over-year change of 1.7%. This indicates that home prices in Prairie City, IA are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $256,000 | 1.7% |
| Single Family | $257,000 | 1.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $191,000 | 2.1% |
3 Bed | $265,000 | 2.7% |
4 Bed | $303,000 | 2.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Prairie City, IA
As of July '25, Rentcast reports the average rent in Prairie City, IA is $905, with a year-over-year rent change of 14.7%. Per bedroom, the median rent as of July '25 in Prairie City, IA is 1-bedrooms: $600, 2-bedrooms: $688, 3-bedrooms: $1,280. The most common rental property sizes in Prairie City, IA are 2-bedroom and 3-bedroom, accounting for 43.1% and 26.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $725 | $905 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $600 | $600 |
| 2 Bed Rent | $650 | $688 |
| 3 Bed Rent | $1,280 | $1,280 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Prairie City, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Prairie City, IA is 29. This is a decrease of -41.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $263,000 | -11.0% |
Listing Count | 14 | 68.0% |
| Listings as % of Homes | 1.2% | 68.0% |
Days on Market | 29 | -41.0% |
Demographics — Prairie City, IA
As of the latest ACS Survey released in 2023, Prairie City, IA has a population of 2,340, which has decreased by -20.0% over the past 5 years. Prairie City, IA is a popular place for families, as children make up 32.8% of the population. The area has a moderately educated workforce, with 31.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,340 | -20.0% |
% Under 18 | 32.8% | 5.1% |
% Seniors | 15.4% | 9.2% |
% WFH | 14.8% | 87.3% |
% w/ College Degree | 31.2% | 9.9% |
As of the latest ACS Survey released in 2023, Prairie City, IA is a predominantly white area, with 97.9% of the population identifying as white. The white population has grown by 2.1% in the last 5 years. The second most common race or ethnicity in Prairie City, IA is hispanic, making up 0.5% of the population. Foreign-born residents account for 0.5% of the population in Prairie City, IA, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 97.9% | 2.1% |
% Black | 0.3% | -40.0% |
% Hispanic | 0.5% | -66.7% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.5% | 0.0% |
Mortgage and Risk — Prairie City, IA
Prairie City, IA lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Prairie City, IA
Prairie 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 | 0.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $210 | $600 | $810 |
| 2 Bedroom | $390 | $650 | $1,040 |
| 3 Bedroom | $150 | $1,280 | $1,430 |
| 4 Bedroom | N/A | N/A | $1,460 |
Affordability — Prairie City, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $256,000 |
| Median Household Income | $89,500 |