Carroll, IA—51401
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Carroll, IA
Carroll, IA lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $215,000 | 5.2% |
| Single Family | $215,000 | 5.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $189,000 | 7.4% |
3 Bed | $210,000 | 6.1% |
4 Bed | $245,000 | 4.7% |
| 5 Bed | $320,000 | 4.2% |
% of Housing Stock
Rental Trends — Carroll, IA
Carroll, IA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $825 | $833 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $825 | $833 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Carroll, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Carroll, IA is 86. This is a decrease of -31.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $247,000 | -5.0% |
Listing Count | 67 | 22.0% |
| Listings as % of Homes | 0.4% | 22.0% |
Days on Market | 86 | -31.0% |
Demographics — Carroll, IA
As of the latest ACS Survey released in 2023, Carroll, IA has a population of 12,100, which has increased by 1.2% over the past 5 years. Carroll, IA is a moderately popular place for families, as children make up 23.8% of the population. The area has a moderately educated workforce, with 26.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,100 | 1.2% |
% Under 18 | 23.8% | 1.3% |
% Seniors | 22.3% | 14.4% |
% WFH | 6.0% | -6.2% |
% w/ College Degree | 26.0% | 7.0% |
As of the latest ACS Survey released in 2023, Carroll, IA is a predominantly white area, with 92.5% of the population identifying as white. The white population has shrunk by 6.3% in the last 5 years. The second most common race or ethnicity in Carroll, IA is hispanic, making up 4.2% of the population. Foreign-born residents account for 2.4% of the population in Carroll, IA, and this percentage has increased by 242.9% 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 | 92.5% | -6.3% |
% Black | 1.1% | 266.7% |
% Hispanic | 4.2% | 1,300.0% |
% Asian | 0.8% | ∞% |
% Foreign Born | 2.4% | 242.9% |
Mortgage and Risk — Carroll, IA
According to HUD data as of 2023, there were 108 mortgage originations in Carroll, IA, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Carroll, IA. Investor activity is low, as 2.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 108 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Carroll, IA
Carroll, IA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 236 |
Total Units Section 8 | 236 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 68.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $730 |
| 2 Bedroom | $55 | $825 | $880 |
| 3 Bedroom | N/A | N/A | $1,100 |
| 4 Bedroom | N/A | N/A | $1,160 |
Affordability — Carroll, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $215,000 |
| Median Household Income | $64,500 |