Story City, IA—50248
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Story City, IA
As of Oct '25, the median home price in Story City, IA is $271,000, with a year-over-year change of 3.8%. This indicates that home prices in Story City, 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 | $271,000 | 3.8% |
| Single Family | $284,000 | 3.6% |
| Condos | $112,000 | 0.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $172,000 | 1.8% |
3 Bed | $259,000 | 3.6% |
4 Bed | $347,000 | 4.2% |
| 5 Bed | $419,000 | 5.5% |
% of Housing Stock
Rental Trends — Story City, IA
As of July '25, Rentcast reports the average rent in Story City, IA is $1,180, with a year-over-year rent change of 33.5%. Per bedroom, the median rent as of July '25 in Story City, IA is 1-bedrooms: $730, 2-bedrooms: $888, 3-bedrooms: $1,610. The most common rental property sizes in Story City, IA are 2-bedroom and 1-bedroom, accounting for 59.6% and 20.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,180 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $675 | $730 |
| 2 Bed Rent | $870 | $888 |
| 3 Bed Rent | $1,550 | $1,610 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Story City, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Story City, IA is 77. This is a increase of 78.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $250,000 | 16.0% |
Listing Count | 21 | 2.0% |
| Listings as % of Homes | 0.9% | 2.0% |
Days on Market | 77 | 78.0% |
Demographics — Story City, IA
As of the latest ACS Survey released in 2023, Story City, IA has a population of 4,300, which has remained stable by -0.5% over the past 5 years. Story City, 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 39.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,300 | -0.5% |
% Under 18 | 24.7% | 5.1% |
% Seniors | 23.1% | 6.9% |
% WFH | 8.2% | 17.1% |
% w/ College Degree | 39.6% | 12.2% |
As of the latest ACS Survey released in 2023, Story City, IA is a predominantly white area, with 93.7% of the population identifying as white. The white population has grown by 1.6% in the last 5 years. The second most common race or ethnicity in Story City, IA is hispanic, making up 4.7% of the population. Foreign-born residents account for 2.9% of the population in Story City, IA, and this percentage has decreased by 3.3% 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 | 93.7% | 1.6% |
% Black | 0.6% | ∞% |
% Hispanic | 4.7% | 261.5% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 2.9% | -3.3% |
Mortgage and Risk — Story City, IA
According to HUD data as of 2023, there were 150 mortgage originations in Story City, IA, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Story City, IA. Investor activity is low, as 13.0% 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 | 150 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 13.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Story City, IA
Story City, IA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 57 |
Total Units Section 8 | 57 |
% Rentals under Section 8 | 14.2% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $165 | $675 | $840 |
| 2 Bedroom | $70 | $870 | $940 |
| 3 Bedroom | -$230 | $1,550 | $1,320 |
| 4 Bedroom | N/A | N/A | $1,580 |
Affordability — Story City, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $271,000 |
| Median Household Income | $88,300 |