Evansdale, IA—50707
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Evansdale, IA
As of Oct '25, the median home price in Evansdale, IA is $157,000, with a year-over-year change of 4.7%. This indicates that home prices in Evansdale, IA are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $157,000 | 4.7% |
| Single Family | $158,000 | 4.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $85,000 | 2.4% |
2 Bed | $123,000 | 2.5% |
3 Bed | $175,000 | 4.8% |
4 Bed | $235,000 | 4.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Evansdale, IA
As of July '25, Rentcast reports the average rent in Evansdale, IA is $842, with a year-over-year rent change of 15.7%. Per bedroom, the median rent as of July '25 in Evansdale, IA is 1-bedrooms: $525, 2-bedrooms: $795, 3-bedrooms: $1,020. The most common rental property sizes in Evansdale, IA are 2-bedroom and 3-bedroom, accounting for 44.2% and 32.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $795 | $842 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $525 | $525 |
| 2 Bed Rent | $795 | $795 |
| 3 Bed Rent | $825 | $1,020 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Evansdale, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Evansdale, IA is 54. This is a decrease of -10.0% 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 55.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $218,000 | 24.0% |
Listing Count | 29 | 37.0% |
| Listings as % of Homes | 0.2% | 37.0% |
Days on Market | 54 | -10.0% |
Demographics — Evansdale, IA
As of the latest ACS Survey released in 2023, Evansdale, IA has a population of 7,410, which has decreased by -15.3% over the past 5 years. Evansdale, IA is a moderately popular place for families, as children make up 21.5% of the population. The area has a poorly educated workforce, with 13.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,410 | -15.3% |
% Under 18 | 21.5% | -12.6% |
% Seniors | 19.9% | 26.8% |
% WFH | 3.3% | 22.2% |
% w/ College Degree | 13.8% | 40.8% |
As of the latest ACS Survey released in 2023, Evansdale, IA is a predominantly white area, with 80.3% of the population identifying as white. The white population has shrunk by 2.0% in the last 5 years. The second most common race or ethnicity in Evansdale, IA is black, making up 8.3% of the population. Foreign-born residents account for 1.3% of the population in Evansdale, IA, and this percentage has decreased by 63.9% 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 | 80.3% | -2.0% |
% Black | 8.3% | 13.7% |
% Hispanic | 6.7% | -21.2% |
% Asian | 0.2% | 100.0% |
% Foreign Born | 1.3% | -63.9% |
Mortgage and Risk — Evansdale, IA
According to HUD data as of 2023, there were 141 mortgage originations in Evansdale, IA, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Evansdale, IA. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 141 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Evansdale, IA
Evansdale, IA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 237 |
Total Units Section 8 | 237 |
% Rentals under Section 8 | 20.3% |
% Occupied Section 8 | 94.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $195 | $525 | $720 |
| 2 Bedroom | $145 | $795 | $940 |
| 3 Bedroom | $405 | $825 | $1,230 |
| 4 Bedroom | N/A | N/A | $1,580 |
Affordability — Evansdale, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $157,000 |
| Median Household Income | $61,500 |