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Sloan, IA—51055

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$243,000
3.7% YoY Growth
Household Income
$75,800
17.8% YoY Growth
Days on Market
51
38.0% Shorter YoY
Home Price Forecast
1.1%
Median Rent
$650
N/A
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Sloan, IA

As of May '26, the median home price in Sloan, IA is $243,000, with a year-over-year change of 3.7%. This indicates that home prices in Sloan, IA are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$243,0003.7%
Single Family $243,0004.3%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		$244,0003.8%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    4.7%
    2 Bedrooms
    20.0%
    3 Bedrooms
    47.6%
    4 Bedrooms
    19.6%
    5+ Bedrooms
    8.1%

    Rental Trends — Sloan, IA

    Sloan, IA lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average Rent$650$650
    Studio Rent $650$650
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    18.8%
    2 Bedrooms
    31.2%
    3 Bedrooms
    37.5%
    4 Bedrooms
    12.5%

    Property Listings — Sloan, IA

    As of May '26, Realtor.com reports that the median days on market for a home in Sloan, IA is 51. This is a decrease of -38.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$488,00032.0%
    Listing Count
    		2-33.0%
    Listings as % of Homes0.6%-33.0%
    Days on Market
    		51-38.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$840
    2 BedroomN/AN/A$1,080
    3 BedroomN/AN/A$1,300
    4 BedroomN/AN/A$1,460

    Affordability — Sloan, IA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.8
    Median Home Price$243,000
    Median Household Income$75,800

    Sloan, IA — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    51052

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    Frequently Asked Questions