Central City, IA—52214
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Central City, IA
As of Oct '25, the median home price in Central City, IA is $279,000, with a year-over-year change of 5.1%. This indicates that home prices in Central City, 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 | $279,000 | 5.1% |
| Single Family | $281,000 | 5.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $241,000 | 6.6% |
3 Bed | $307,000 | 5.1% |
4 Bed | $323,000 | 6.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Central City, IA
As of July '25, Rentcast reports the average rent in Central City, IA is $1,000, with a year-over-year rent change of 33.3%. Per bedroom, the median rent as of July '25 in Central City, IA is 1-bedrooms: $1,000. The most common rental property sizes in Central City, IA are 2-bedroom and 1-bedroom, accounting for 29.2% and 28.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,000 | $1,000 |
| 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 — Central City, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Central City, IA is 56. This is a decrease of -34.0% 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 46.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $382,000 | 13.0% |
Listing Count | 13 | 11.0% |
| Listings as % of Homes | 0.1% | 11.0% |
Days on Market | 56 | -34.0% |
Demographics — Central City, IA
As of the latest ACS Survey released in 2023, Central City, IA has a population of 2,770, which has decreased by -22.8% over the past 5 years. Central City, IA is a moderately popular place for families, as children make up 21.5% of the population. The area has a poorly educated workforce, with 22.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,770 | -22.8% |
% Under 18 | 21.5% | -6.1% |
% Seniors | 20.6% | 16.4% |
% WFH | 17.9% | 336.6% |
% w/ College Degree | 22.3% | 22.5% |
As of the latest ACS Survey released in 2023, Central City, IA is a predominantly white area, with 98.6% of the population identifying as white. The white population has grown by 2.2% in the last 5 years. The second most common race or ethnicity in Central City, IA is hispanic, making up 0.5% of the population. Foreign-born residents account for 0.3% of the population in Central City, IA, and this percentage has decreased by 78.6% 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 | 98.6% | 2.2% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.5% | -28.6% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.3% | -78.6% |
Mortgage and Risk — Central City, IA
According to HUD data as of 2023, there were 89 mortgage originations in Central City, IA, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Central City, IA. Investor activity is low, as 7.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 89 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 7.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Central City, IA
Central City, IA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$230 | $1,000 | $770 |
| 2 Bedroom | N/A | N/A | $1,010 |
| 3 Bedroom | N/A | N/A | $1,420 |
| 4 Bedroom | N/A | N/A | $1,700 |
Affordability — Central City, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $279,000 |
| Median Household Income | $83,400 |