Avoca, IA—51521
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Avoca, IA
As of Oct '25, the median home price in Avoca, IA is $233,000, with a year-over-year change of 4.3%. This indicates that home prices in Avoca, IA are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $233,000 | 4.3% |
| Single Family | $231,000 | 4.1% |
| 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 | $239,000 | 3.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Avoca, IA
Avoca, IA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,200 | $1,200 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Avoca, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Avoca, IA is 116. This is a increase of 5.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $266,000 | -16.0% |
Listing Count | 12 | -31.0% |
| Listings as % of Homes | 0.7% | -31.0% |
Days on Market | 116 | 5.0% |
Demographics — Avoca, IA
As of the latest ACS Survey released in 2023, Avoca, IA has a population of 1,940, which has increased by 2.1% over the past 5 years. Avoca, IA is a popular place for families, as children make up 25.1% of the population. The area has a moderately educated workforce, with 27.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,940 | 2.1% |
% Under 18 | 25.1% | -2.7% |
% Seniors | 23.5% | 35.8% |
% WFH | 3.8% | -28.3% |
% w/ College Degree | 27.7% | 14.0% |
As of the latest ACS Survey released in 2023, Avoca, IA is a predominantly white area, with 96.5% of the population identifying as white. The white population has shrunk by 0.9% in the last 5 years. The second most common race or ethnicity in Avoca, IA is hispanic, making up 0.7% of the population. Foreign-born residents account for 0.4% of the population in Avoca, IA, and this percentage has increased by Inf% 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 | 96.5% | -0.9% |
% Black | 0.0% | N/A |
% Hispanic | 0.7% | -50.0% |
% Asian | 0.4% | ∞% |
% Foreign Born | 0.4% | ∞% |
Mortgage and Risk — Avoca, IA
According to HUD data as of 2023, there were 76 mortgage originations in Avoca, IA, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Avoca, IA. Investor activity is low, as 13.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 76 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 13.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Avoca, IA
Avoca, IA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 19 |
Total Units Section 8 | 19 |
% Rentals under Section 8 | 8.1% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $880 |
| 2 Bedroom | -$140 | $1,200 | $1,060 |
| 3 Bedroom | N/A | N/A | $1,410 |
| 4 Bedroom | N/A | N/A | $1,560 |
Affordability — Avoca, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $233,000 |
| Median Household Income | $71,700 |