Solon, IA—52333
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Solon, IA
As of Oct '25, the median home price in Solon, IA is $436,000, with a year-over-year change of 3.7%. This indicates that home prices in Solon, IA are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $436,000 | 3.7% |
| Single Family | $460,000 | 3.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $232,000 | 5.0% |
3 Bed | $360,000 | 3.7% |
4 Bed | $477,000 | 3.2% |
| 5 Bed | $625,000 | 4.0% |
% of Housing Stock
Rental Trends — Solon, IA
As of July '25, Rentcast reports the average rent in Solon, IA is $1,170, with a year-over-year rent change of -27.3%. Per bedroom, the median rent as of July '25 in Solon, IA is 1-bedrooms: $1,600, 2-bedrooms: $1,130. The most common rental property sizes in Solon, IA are 3-bedroom and 2-bedroom, accounting for 52.2% and 30.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,170 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,600 | $1,600 |
| 2 Bed Rent | $1,200 | $1,130 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Solon, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Solon, IA is 74. This is a increase of 42.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $500,000 | 7.0% |
Listing Count | 64 | 32.0% |
| Listings as % of Homes | 1.2% | 32.0% |
Days on Market | 74 | 42.0% |
Demographics — Solon, IA
As of the latest ACS Survey released in 2023, Solon, IA has a population of 7,440, which has increased by 12.3% over the past 5 years. Solon, IA is a moderately popular place for families, as children make up 22.2% of the population. The area has a moderately educated workforce, with 43.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,440 | 12.3% |
% Under 18 | 22.2% | -3.9% |
% Seniors | 20.0% | 18.3% |
% WFH | 11.9% | 153.2% |
% w/ College Degree | 43.1% | -1.1% |
As of the latest ACS Survey released in 2023, Solon, IA is a predominantly white area, with 95.4% of the population identifying as white. The white population has remained stable in the last 5 years. The second most common race or ethnicity in Solon, IA is hispanic, making up 1.3% of the population. Foreign-born residents account for 0.7% of the population in Solon, IA, and this percentage has decreased by 58.8% 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 | 95.4% | 0.0% |
% Black | 0.1% | 0.0% |
% Hispanic | 1.3% | -63.9% |
% Asian | 0.2% | -71.4% |
% Foreign Born | 0.7% | -58.8% |
Mortgage and Risk — Solon, IA
According to HUD data as of 2023, there were 257 mortgage originations in Solon, IA, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Solon, IA. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 257 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 2.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Solon, IA
Solon, IA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 10 |
Total Units Section 8 | 10 |
% Rentals under Section 8 | 2.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$660 | $1,600 | $940 |
| 2 Bedroom | -$70 | $1,200 | $1,130 |
| 3 Bedroom | N/A | N/A | $1,580 |
| 4 Bedroom | N/A | N/A | $1,890 |
Affordability — Solon, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $436,000 |
| Median Household Income | $114,000 |