Slater, IA—50244
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Slater, IA
As of Oct '25, the median home price in Slater, IA is $285,000, with a year-over-year change of 2.7%. This indicates that home prices in Slater, IA are increasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $285,000 | 2.7% |
| Single Family | $286,000 | 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 | $210,000 | 1.9% |
3 Bed | $273,000 | 2.2% |
4 Bed | $337,000 | 3.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Slater, IA
As of July '25, Rentcast reports the average rent in Slater, IA is $2,300, with a year-over-year rent change of 223.9%. Per bedroom, the median rent as of July '25 in Slater, IA is 4-bedrooms: $2,300. The most common rental property sizes in Slater, IA are 2-bedroom and 1-bedroom, accounting for 50.0% and 35.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,300 |
| 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 | $2,300 | $2,300 |
% of Rental Stock
Property Listings — Slater, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Slater, IA is 64. This is a increase of 21.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $358,000 | -1.0% |
Listing Count | 8 | -12.0% |
| Listings as % of Homes | 0.8% | -12.0% |
Days on Market | 64 | 21.0% |
Demographics — Slater, IA
As of the latest ACS Survey released in 2023, Slater, IA has a population of 1,870, which has decreased by -1.1% over the past 5 years. Slater, IA is a moderately popular place for families, as children make up 24.7% of the population. The area has a moderately educated workforce, with 41.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,870 | -1.1% |
% Under 18 | 24.7% | -19.5% |
% Seniors | 15.5% | 4.0% |
% WFH | 19.4% | 288.0% |
% w/ College Degree | 41.8% | 20.8% |
As of the latest ACS Survey released in 2023, Slater, IA is a predominantly white area, with 94.6% of the population identifying as white. The white population has grown by 1.2% in the last 5 years. The second most common race or ethnicity in Slater, IA is hispanic, making up 3.6% of the population. Foreign-born residents account for 0.6% of the population in Slater, IA, and this percentage has decreased by 40.0% 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 | 94.6% | 1.2% |
% Black | 0.4% | ∞% |
% Hispanic | 3.6% | -33.3% |
% Asian | 0.3% | 50.0% |
% Foreign Born | 0.6% | -40.0% |
Mortgage and Risk — Slater, IA
According to HUD data as of 2023, there were 103 mortgage originations in Slater, IA, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Slater, IA. Investor activity is low, as 7.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 103 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 7.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Slater, IA
Slater, 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 | $830 |
| 2 Bedroom | N/A | N/A | $980 |
| 3 Bedroom | N/A | N/A | $1,330 |
| 4 Bedroom | -$720 | $2,300 | $1,580 |
Affordability — Slater, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $285,000 |
| Median Household Income | $102,000 |