State Center, IA—50247
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — State Center, IA
As of Oct '25, the median home price in State Center, IA is $289,000, with a year-over-year change of 4.5%. This indicates that home prices in State Center, IA are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $289,000 | 4.6% |
| Single Family | $291,000 | 5.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $166,000 | 3.8% |
3 Bed | $222,000 | 4.7% |
4 Bed | $303,000 | 4.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — State Center, IA
As of July '25, Rentcast reports the average rent in State Center, IA is $675, with a year-over-year rent change of 5.1%. Per bedroom, the median rent as of July '25 in State Center, IA is 1-bedrooms: $675. The most common rental property sizes in State Center, IA are 1-bedroom and 2-bedroom, accounting for 38.3% and 30.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $675 | $675 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $675 | $675 |
| 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 — State Center, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in State Center, IA is 64. This is a decrease of -15.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $232,000 | 4.0% |
Listing Count | 10 | 44.0% |
| Listings as % of Homes | 0.6% | 44.0% |
Days on Market | 64 | -15.0% |
Demographics — State Center, IA
As of the latest ACS Survey released in 2023, State Center, IA has a population of 2,200, which has decreased by -14.4% over the past 5 years. State Center, IA is a popular place for families, as children make up 26.4% of the population. The area has a moderately educated workforce, with 36.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,200 | -14.4% |
% Under 18 | 26.4% | -2.6% |
% Seniors | 17.4% | 6.1% |
% WFH | 15.0% | 134.4% |
% w/ College Degree | 36.8% | 76.9% |
As of the latest ACS Survey released in 2023, State Center, IA is a predominantly white area, with 91.2% of the population identifying as white. The white population has shrunk by 3.7% in the last 5 years. The second most common race or ethnicity in State Center, IA is hispanic, making up 8.5% of the population. Foreign-born residents account for 1.4% of the population in State Center, IA, and this percentage has decreased by 48.1% 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 | 91.2% | -3.7% |
% Black | 0.0% | -100.0% |
% Hispanic | 8.5% | 372.2% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.4% | -48.1% |
Mortgage and Risk — State Center, IA
According to HUD data as of 2023, there were 47 mortgage originations in State Center, IA, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in State Center, IA. Investor activity is low, as 9.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 47 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 9.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — State Center, IA
State Center, IA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 8 |
Total Units Section 8 | 8 |
% Rentals under Section 8 | 3.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $155 | $675 | $830 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,320 |
| 4 Bedroom | N/A | N/A | $1,580 |
Affordability — State Center, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $289,000 |
| Median Household Income | $90,200 |