Alta, IA 51002 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Alta, IA—51002

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$204,000

3.0% YoY Growth

Household Income

$69,400

20.1% YoY Growth

Days on Market

53.0% Shorter YoY

Home Price Forecast

1.3%

Median Rent

$800

8.3% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$800

8.3% YoY Growth

3-Bed Rent

N/A

Home Price Trends — Alta, IA

As of Dec '25, the median home price in Alta, IA is $204,000, with a year-over-year change of 3.0%. 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	$204,000	3.0%
Single Family	$204,000	2.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

1.6%

1 Bedroom

9.6%

2 Bedrooms

48.4%

3 Bedrooms

22.9%

4 Bedrooms

15.4%

5+ Bedrooms

2.1%

Property Listings — Alta, IA

As of Dec '25, Realtor.com reports that the median days on market for a home in Alta, IA is 33. This is a decrease of -68.0% 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	$222,000	-21.0%
Listing Count	3	-57.0%
Listings as % of Homes	0.6%	-57.0%
Days on Market	63	-53.0%

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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%

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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%

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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%

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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

Alta, IA—51002

Key Metrics at a Glance

Home Price Trends — Alta, IA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Alta, IA

% of Rental Stock

Property Listings — Alta, IA

Demographics — Alta, IA

Race and Ethnicity

Mortgage and Risk — Alta, IA

Mortgages

Rentals and Section 8 — Alta, IA

Section 8 Market Size

Section 8 Opportunity

Affordability — Alta, IA

Home Price to Income Ratio

Alta, IA — ZIP Code Boundary Map

Nearby ZIP Codes

Aurelia, IA

Truesdale

Storm Lake, IA

Rembrandt, IA

Linn Grove, IA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.7
Median Home Price	$204,000
Median Household Income	$69,400

Alta, IA—51002

Key Metrics at a Glance

Home Price Trends — Alta, IA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Alta, IA

% of Rental Stock

Property Listings — Alta, IA

Demographics — Alta, IA

Race and Ethnicity

Mortgage and Risk — Alta, IA

Mortgages

Rentals and Section 8 — Alta, IA

Section 8 Market Size

Section 8 Opportunity

Affordability — Alta, IA

Home Price to Income Ratio

Alta, IA — ZIP Code Boundary Map

Nearby ZIP Codes

Aurelia, IA

Truesdale

Storm Lake, IA

Rembrandt, IA

Linn Grove, IA

Frequently Asked Questions

What is the average home price in Alta, IA 51002?

How have home prices in Alta, IA 51002 changed over the past year?

What is the home price projection for Alta, IA 51002?

What are the demographics of Alta, IA 51002?

How long does it take homes to sell in Alta, IA 51002?

What is the average rent price in Alta, IA 51002?