What Cheer, IA—50268
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — What Cheer, IA
What Cheer, IA lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $97,000 | -9.2% |
| Single Family | $97,000 | -7.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $53,000 | -5.4% |
3 Bed | $117,000 | -0.8% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — What Cheer, IA
What Cheer, IA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| 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 | N/A | N/A |
% of Rental Stock
Property Listings — What Cheer, IA
What Cheer, IA lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $19,000 | -87.0% |
Listing Count | 0 | -43.0% |
| Listings as % of Homes | N/A | -43.0% |
Days on Market | 77 | 191.0% |
Demographics — What Cheer, IA
As of the latest ACS Survey released in 2023, What Cheer, IA has a population of 997, which has decreased by -5.4% over the past 5 years. What Cheer, IA is a popular place for families, as children make up 26.4% of the population. The area has a poorly educated workforce, with 8.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 997 | -5.4% |
% Under 18 | 26.4% | 2.3% |
% Seniors | 18.0% | -2.2% |
% WFH | 11.3% | 189.7% |
% w/ College Degree | 8.7% | -9.4% |
As of the latest ACS Survey released in 2023, What Cheer, IA is a predominantly white area, with 95.2% 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 What Cheer, IA is hispanic, making up 2.3% of the population. Foreign-born residents account for 1.1% of the population in What Cheer, IA, and this percentage has decreased by 54.2% 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 | 95.2% | 1.6% |
% Black | 0.5% | -78.3% |
% Hispanic | 2.3% | -37.8% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.1% | -54.2% |
Mortgage and Risk — What Cheer, IA
According to HUD data as of 2023, there were 18 mortgage originations in What Cheer, IA, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in What Cheer, IA. Investor activity is low, as 0.0% 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 | 18 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — What Cheer, IA
What Cheer, IA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 19 |
Total Units Section 8 | 7 |
% 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 | $750 |
| 2 Bedroom | N/A | N/A | $890 |
| 3 Bedroom | N/A | N/A | $1,130 |
| 4 Bedroom | N/A | N/A | $1,180 |
Affordability — What Cheer, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.7 |
| Median Home Price | $97,000 |
| Median Household Income | $56,800 |