Ottumwa, IA—52501
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Ottumwa, IA
Home Price Trends — Ottumwa, IA
As of Oct '25, the median home price in Ottumwa, IA is $121,000, with a year-over-year change of -3.3%. This indicates that home prices in Ottumwa, IA are decreasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $121,000 | -3.3% |
| Single Family | $121,000 | -3.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $56,000 | -12.5% |
2 Bed | $91,000 | -6.2% |
3 Bed | $150,000 | 2.0% |
4 Bed | $188,000 | 2.7% |
| 5 Bed | $247,000 | 2.9% |
% of Housing Stock
Rental Trends — Ottumwa, IA
As of July '25, Rentcast reports the average rent in Ottumwa, IA is $899, with a year-over-year rent change of -11.9%. Per bedroom, the median rent as of July '25 in Ottumwa, IA is 1-bedrooms: $755, 2-bedrooms: $894, 3-bedrooms: $1,020, 4-bedrooms: $1,000. The most common rental property sizes in Ottumwa, IA are 2-bedroom and 3-bedroom, accounting for 50.2% and 20.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $850 | $899 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $775 | $755 |
| 2 Bed Rent | $850 | $894 |
| 3 Bed Rent | $1,000 | $1,020 |
| 4 Bed Rent | $1,000 | $1,000 |
% of Rental Stock
Property Listings — Ottumwa, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Ottumwa, IA is 50. 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $157,000 | 3.0% |
Listing Count | 134 | -21.0% |
| Listings as % of Homes | 0.6% | -21.0% |
Days on Market | 50 | -24.0% |
Demographics — Ottumwa, IA
As of the latest ACS Survey released in 2023, Ottumwa, IA has a population of 30,300, which has increased by 2.3% over the past 5 years. Ottumwa, IA is a moderately popular place for families, as children make up 23.2% of the population. The area has a poorly educated workforce, with 20.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,300 | 2.3% |
% Under 18 | 23.2% | 2.7% |
% Seniors | 17.9% | 5.3% |
% WFH | 4.1% | 70.8% |
% w/ College Degree | 20.1% | 11.0% |
As of the latest ACS Survey released in 2023, Ottumwa, IA is a predominantly white area, with 74.3% of the population identifying as white. The white population has shrunk by 7.4% in the last 5 years. The second most common race or ethnicity in Ottumwa, IA is hispanic, making up 14.5% of the population. Foreign-born residents account for 10.6% of the population in Ottumwa, IA, and this percentage has increased by 17.8% 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 | 74.3% | -7.4% |
% Black | 3.9% | 2.6% |
% Hispanic | 14.5% | 16.9% |
% Asian | 1.7% | 30.8% |
% Foreign Born | 10.6% | 17.8% |
Mortgage and Risk — Ottumwa, IA
According to HUD data as of 2023, there were 491 mortgage originations in Ottumwa, IA, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Ottumwa, IA. Investor activity is low, as 5.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 491 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Ottumwa, IA
Ottumwa, IA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 691 |
Total Units Section 8 | 332 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 71.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $5 | $775 | $780 |
| 2 Bedroom | $170 | $850 | $1,020 |
| 3 Bedroom | $270 | $1,000 | $1,270 |
| 4 Bedroom | $470 | $1,000 | $1,470 |
Affordability — Ottumwa, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.9 |
| Median Home Price | $121,000 |
| Median Household Income | $59,100 |