Nora Springs, IA—50458
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Nora Springs, IA
Nora Springs, IA lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $181,000 | 4.7% |
| Single Family | $181,000 | 5.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $123,000 | 1.7% |
3 Bed | $177,000 | 5.4% |
4 Bed | $239,000 | 5.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Nora Springs, IA
Nora Springs, 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 — Nora Springs, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Nora Springs, IA is 75. This is a increase of 2.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $159,000 | -3.0% |
Listing Count | 12 | 58.0% |
| Listings as % of Homes | 0.5% | 58.0% |
Days on Market | 75 | 2.0% |
Demographics — Nora Springs, IA
As of the latest ACS Survey released in 2023, Nora Springs, IA has a population of 2,240, which has increased by 3.8% over the past 5 years. Nora Springs, IA is a popular place for families, as children make up 28.5% of the population. The area has a moderately educated workforce, with 25.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,240 | 3.8% |
% Under 18 | 28.5% | 38.3% |
% Seniors | 21.5% | 2.9% |
% WFH | 10.0% | 44.9% |
% w/ College Degree | 25.4% | 28.9% |
As of the latest ACS Survey released in 2023, Nora Springs, IA is a predominantly white area, with 93.4% of the population identifying as white. The white population has shrunk by 2.3% in the last 5 years. The second most common race or ethnicity in Nora Springs, IA is hispanic, making up 2.1% of the population. Foreign-born residents account for 1.0% of the population in Nora Springs, IA, and this percentage has increased by 233.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.4% | -2.3% |
% Black | 1.5% | 400.0% |
% Hispanic | 2.1% | -27.6% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.0% | 233.3% |
Mortgage and Risk — Nora Springs, IA
According to HUD data as of 2023, there were 22 mortgage originations in Nora Springs, IA, of which 41.0% of loans were conventional mortgages. The average loan-to-value was 83.0%, with 55.0% above 90% LTV (very high). This implies large mortgage risk in Nora Springs, IA. Investor activity is low, as 0.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 22 |
% Conventional Loans | 41.0% |
% Government Loans | 59.0% |
% Investor Loans | 0.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Nora Springs, IA
Nora Springs, IA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% 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 | $780 |
| 2 Bedroom | N/A | N/A | $1,020 |
| 3 Bedroom | N/A | N/A | $1,330 |
| 4 Bedroom | N/A | N/A | $1,380 |
Affordability — Nora Springs, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2 |
| Median Home Price | $181,000 |
| Median Household Income | $86,300 |