Hiawatha, IA—52233
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hiawatha, IA
As of Oct '25, the median home price in Hiawatha, IA is $250,000, with a year-over-year change of 4.0%. This indicates that home prices in Hiawatha, IA are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $250,000 | 4.0% |
| Single Family | $298,000 | 3.1% |
| Condos | $92,000 | 9.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $117,000 | 7.3% |
3 Bed | $242,000 | 3.9% |
4 Bed | $359,000 | 2.3% |
| 5 Bed | $452,000 | 1.3% |
% of Housing Stock
Rental Trends — Hiawatha, IA
As of July '25, Rentcast reports the average rent in Hiawatha, IA is $992, with a year-over-year rent change of -17.3%. Per bedroom, the median rent as of July '25 in Hiawatha, IA is studios: $750, 1-bedrooms: $638, 2-bedrooms: $839, 3-bedrooms: $1,580. The most common rental property sizes in Hiawatha, IA are 2-bedroom and 1-bedroom, accounting for 55.3% and 22.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $815 | $992 |
| Studio Rent | $500 | $750 |
| 1 Bed Rent | $625 | $638 |
| 2 Bed Rent | $815 | $839 |
| 3 Bed Rent | $1,300 | $1,580 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Hiawatha, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Hiawatha, IA is 48. This is a decrease of -24.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $341,000 | 2.0% |
Listing Count | 38 | 14.0% |
| Listings as % of Homes | 0.5% | 14.0% |
Days on Market | 48 | -24.0% |
Demographics — Hiawatha, IA
As of the latest ACS Survey released in 2023, Hiawatha, IA has a population of 7,010, which has decreased by -2.0% over the past 5 years. Hiawatha, IA is a popular place for families, as children make up 26.6% of the population. The area has a moderately educated workforce, with 31.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,010 | -2.0% |
% Under 18 | 26.6% | 10.4% |
% Seniors | 14.7% | 5.0% |
% WFH | 8.6% | 561.5% |
% w/ College Degree | 31.3% | 31.5% |
As of the latest ACS Survey released in 2023, Hiawatha, IA is a predominantly white area, with 80.4% of the population identifying as white. The white population has grown by 1.4% in the last 5 years. The second most common race or ethnicity in Hiawatha, IA is asian, making up 6.2% of the population. Foreign-born residents account for 6.1% of the population in Hiawatha, IA, and this percentage has increased by 125.9% 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 | 80.4% | 1.4% |
% Black | 4.0% | -73.9% |
% Hispanic | 3.9% | 14.7% |
% Asian | 6.2% | ∞% |
% Foreign Born | 6.1% | 125.9% |
Mortgage and Risk — Hiawatha, IA
According to HUD data as of 2023, there were 89 mortgage originations in Hiawatha, IA, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Hiawatha, IA. Investor activity is low, as 11.0% 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 | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 11.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Hiawatha, IA
Hiawatha, IA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 26 |
Total Units Section 8 | 26 |
% Rentals under Section 8 | 3.3% |
% Occupied Section 8 | 73.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $75 | $625 | $700 |
| 2 Bedroom | $105 | $815 | $920 |
| 3 Bedroom | -$10 | $1,300 | $1,290 |
| 4 Bedroom | N/A | N/A | $1,540 |
Affordability — Hiawatha, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $250,000 |
| Median Household Income | $66,500 |