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Red Oak, IA—51566

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$137,000
2.0% YoY Growth
Household Income
$58,300
37.4% YoY Growth
Days on Market
62
1.0% Shorter YoY
Home Price Forecast
N/A
Median Rent
$650
13.6% YoY Growth
1-Bed Rent
$550
3.5% YoY Growth
2-Bed Rent
$650
10.0% YoY Growth
3-Bed Rent
$1,060
23.5% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Red Oak, IA

Red Oak, IA lacks sufficient home price data for analysis.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$137,0002.0%
Single Family $137,0001.5%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
N/AN/A
  • Affordability
  • Rentals and Section 8
    • 2 Bed
    $86,000
    -2.3%
    3 Bed
    		$153,0002.7%
    4 Bed
    		$199,0005.9%
    5 Bed $287,0525.7%
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    % of Housing Stock

    Studio
    0.2%
    1 Bedroom
    8.5%
    2 Bedrooms
    37.5%
    3 Bedrooms
    29.0%
    4 Bedrooms
    20.6%
    5+ Bedrooms
    4.3%

    Rental Trends — Red Oak, IA

    As of July '25, Rentcast reports the average rent in Red Oak, IA is $745, with a year-over-year rent change of 13.6%. Per bedroom, the median rent as of July '25 in Red Oak, IA is studios: $450, 1-bedrooms: $588, 2-bedrooms: $690, 3-bedrooms: $1,040. The most common rental property sizes in Red Oak, IA are 2-bedroom and 1-bedroom, accounting for 51.8% and 20.6% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$650$745
    Studio Rent $450$450
    1 Bed Rent $550$588
    2 Bed Rent $650$690
    3 Bed Rent $1,060$1,040
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    20.6%
    2 Bedrooms
    51.8%
    3 Bedrooms
    17.4%
    4 Bedrooms
    7.1%
    5+ Bedrooms
    3.1%

    Property Listings — Red Oak, IA

    As of May '26, Realtor.com reports that the median days on market for a home in Red Oak, IA is 62. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$178,0009.0%
    Listing Count
    		4625.0%
    Listings as % of Homes0.5%25.0%
    Days on Market
    		62-1.0%
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    Demographics — Red Oak, IA

    As of the latest ACS Survey released in 2023, Red Oak, IA has a population of 7,000, which has increased by 7.5% over the past 5 years. Red Oak, IA is a moderately popular place for families, as children make up 22.9% of the population. The area has a poorly educated workforce, with 18.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.1% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		7,0007.5%
    % Under 18
    		22.9%-3.0%
    % Seniors
    		21.1%-5.0%
    % WFH
    		9.1%175.8%
    % w/ College Degree
    		18.5%0.5%
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    As of the latest ACS Survey released in 2023, Red Oak, IA is a predominantly white area, with 91.3% of the population identifying as white. The white population has shrunk by 0.1% in the last 5 years. The second most common race or ethnicity in Red Oak, IA is hispanic, making up 1.4% of the population. Foreign-born residents account for 1.7% of the population in Red Oak, IA, and this percentage has decreased by 22.7% 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%-0.1%
    % Black
    		0.8%∞%
    % Hispanic
    		1.4%-75.0%
    % Asian
    		1.0%∞%
    % Foreign Born
    		1.7%-22.7%
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    Mortgage and Risk — Red Oak, IA

    According to HUD data as of 2023, there were 132 mortgage originations in Red Oak, IA, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Red Oak, IA. Investor activity is low, as 6.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		132
    % Conventional Loans
    		77.0%
    % Government Loans
    		23.0%
    % Investor Loans
    		6.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		5.0%
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    Rentals and Section 8 — Red Oak, IA

    Red Oak, IA lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		191
    Total Units Section 8
    		141
    % Rentals under Section 8
    		15.1%
    % Occupied Section 8
    		92.6%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$330$550$880
    2 Bedroom$410$650$1,060
    3 Bedroom$350$1,060$1,410
    4 BedroomN/AN/A$1,560

    Affordability — Red Oak, IA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2
    Median Home Price$137,000
    Median Household Income$58,300

    Red Oak, IA — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Emerson, IA

    51533

    Elliott, IA

    51532

    Henderson, IA

    51541

    Griswold, IA

    51535

    Imogene, IA

    51645

    Frequently Asked Questions