Sloan, IA—51055
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sloan, IA
As of Oct '25, the median home price in Sloan, IA is $230,000, with a year-over-year change of 2.4%. This indicates that home prices in Sloan, IA are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $230,000 | 2.4% |
| Single Family | $229,000 | 2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $231,000 | 2.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Sloan, IA
Sloan, IA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $650 | $650 |
| Studio Rent | $650 | $650 |
| 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 — Sloan, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Sloan, IA is 74. This is a decrease of -35.0% 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 | $260,000 | -36.0% |
Listing Count | 5 | 18.0% |
| Listings as % of Homes | 0.6% | 18.0% |
Days on Market | 74 | -35.0% |
Demographics — Sloan, IA
As of the latest ACS Survey released in 2023, Sloan, IA has a population of 1,190, which has decreased by -26.1% over the past 5 years. Sloan, IA is a moderately popular place for families, as children make up 21.6% of the population. The area has a moderately educated workforce, with 30.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,190 | -26.1% |
% Under 18 | 21.6% | -25.3% |
% Seniors | 19.2% | 3.2% |
% WFH | 5.9% | -24.4% |
% w/ College Degree | 30.4% | 48.3% |
As of the latest ACS Survey released in 2023, Sloan, IA is a predominantly white area, with 91.3% of the population identifying as white. The white population has shrunk by 5.9% in the last 5 years. The second most common race or ethnicity in Sloan, IA is hispanic, making up 1.0% of the population. Foreign-born residents account for 0.4% of the population in Sloan, IA, and this percentage has decreased by 20.0% 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 | 91.3% | -5.9% |
% Black | 0.0% | N/A |
% Hispanic | 1.0% | -37.5% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.4% | -20.0% |
Mortgage and Risk — Sloan, IA
According to HUD data as of 2023, there were 67 mortgage originations in Sloan, IA, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Sloan, IA. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 67 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 3.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Sloan, IA
Sloan, IA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 5 |
Total Units Section 8 | 5 |
% Rentals under Section 8 | 5.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $840 |
| 2 Bedroom | N/A | N/A | $1,080 |
| 3 Bedroom | N/A | N/A | $1,300 |
| 4 Bedroom | N/A | N/A | $1,460 |
Affordability — Sloan, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $230,000 |
| Median Household Income | $75,800 |