Alta, IA—51002
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Alta, IA
As of Oct '25, the median home price in Alta, IA is $209,000, with a year-over-year change of 3.3%. This indicates that home prices in Alta, IA are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $209,000 | 3.3% |
| Single Family | $210,000 | 2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $154,000 | 1.3% |
3 Bed | $204,000 | 3.0% |
4 Bed | $267,000 | 5.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Alta, IA
As of July '25, Rentcast reports the average rent in Alta, IA is $825, with a year-over-year rent change of -8.3%. Per bedroom, the median rent as of July '25 in Alta, IA is 2-bedrooms: $825. The most common rental property sizes in Alta, IA are 2-bedroom and 3-bedroom, accounting for 48.4% and 22.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $800 | $825 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $800 | $825 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Alta, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Alta, IA is 30. This is a decrease of -67.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $149,000 | -21.0% |
Listing Count | 3 | -79.0% |
| Listings as % of Homes | 0.6% | -79.0% |
Days on Market | 30 | -67.0% |
Demographics — Alta, IA
As of the latest ACS Survey released in 2023, Alta, IA has a population of 2,870, which has remained stable by -0.3% over the past 5 years. Alta, IA is a popular place for families, as children make up 28.1% of the population. The area has a poorly educated workforce, with 24.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,870 | -0.3% |
% Under 18 | 28.1% | 6.8% |
% Seniors | 11.7% | -36.8% |
% WFH | 4.2% | 5.0% |
% w/ College Degree | 24.7% | -0.8% |
As of the latest ACS Survey released in 2023, Alta, IA is a predominantly white area, with 60.3% of the population identifying as white. The white population has shrunk by 26.6% in the last 5 years. The second most common race or ethnicity in Alta, IA is hispanic, making up 20.6% of the population. Foreign-born residents account for 19.4% of the population in Alta, IA, and this percentage has increased by 203.1% 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 | 60.3% | -26.6% |
% Black | 6.0% | 275.0% |
% Hispanic | 20.6% | 48.2% |
% Asian | 10.2% | 1,357.1% |
% Foreign Born | 19.4% | 203.1% |
Mortgage and Risk — Alta, IA
According to HUD data as of 2023, there were 59 mortgage originations in Alta, IA, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Alta, IA. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 59 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Alta, IA
Alta, IA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 12 |
Total Units Section 8 | 12 |
% 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 | $220 | $800 | $1,020 |
| 3 Bedroom | N/A | N/A | $1,250 |
| 4 Bedroom | N/A | N/A | $1,350 |
Affordability — Alta, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $209,000 |
| Median Household Income | $69,400 |