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Morning Sun, IA—52640

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$178,000
5.2% YoY Growth
Household Income
$70,000
22.4% YoY Growth
Days on Market
76
35.0% Shorter YoY
Home Price Forecast
-1.9%
Median Rent
N/A
N/A
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Morning Sun, IA

As of May '26, the median home price in Morning Sun, IA is $178,000, with a year-over-year change of 5.2%. This indicates that home prices in Morning Sun, IA are increasing. According to Zillow, the 1-year price projection is -1.9%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$178,0005.2%
Single Family $179,0005.9%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		$162,0004.5%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    5.6%
    2 Bedrooms
    21.4%
    3 Bedrooms
    46.0%
    4 Bedrooms
    16.8%
    5+ Bedrooms
    10.2%

    Rental Trends — Morning Sun, IA

    Morning Sun, IA lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    11.3%
    2 Bedrooms
    39.6%
    3 Bedrooms
    24.5%
    4 Bedrooms
    15.1%
    5+ Bedrooms
    9.4%

    Property Listings — Morning Sun, IA

    As of May '26, Realtor.com reports that the median days on market for a home in Morning Sun, IA is 76. This is a decrease of -35.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$197,00042.0%
    Listing Count
    		2-45.0%
    Listings as % of Homes0.4%-45.0%
    Days on Market
    		76-35.0%
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    Demographics — Morning Sun, IA

    As of the latest ACS Survey released in 2023, Morning Sun, IA has a population of 1,200, which has decreased by -15.5% over the past 5 years. Morning Sun, IA is a moderately popular place for families, as children make up 18.9% of the population. The area has a poorly educated workforce, with 13.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.6% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		1,200-15.5%
    % Under 18
    		18.9%-20.9%
    % Seniors
    		27.2%46.2%
    % WFH
    		3.6%2.9%
    % w/ College Degree
    		13.9%-23.6%
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    As of the latest ACS Survey released in 2023, Morning Sun, IA is a predominantly white area, with 95.5% of the population identifying as white. The white population has shrunk by 0.6% in the last 5 years. The second most common race or ethnicity in Morning Sun, IA is hispanic, making up 0.2% of the population. Foreign-born residents account for 0.0% of the population in Morning Sun, IA, and this percentage has decreased by 100.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		95.5%-0.6%
    % Black
    		0.0%-100.0%
    % Hispanic
    		0.2%-75.0%
    % Asian
    		0.0%N/A
    % Foreign Born
    		0.0%-100.0%
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    Mortgage and Risk — Morning Sun, IA

    Morning Sun, IA lacks sufficient mortgage origination data for analysis.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		N/A
    % Conventional Loans
    		N/A
    % Government Loans
    		N/A
    % Investor Loans
    		N/A
    % Second Loans
    		N/A
    % Cash Out Refinance
    		N/A
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    Rentals and Section 8 — Morning Sun, IA

    Morning Sun, IA lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		1
    Total Units Section 8
    		1
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$740
    2 BedroomN/AN/A$970
    3 BedroomN/AN/A$1,200
    4 BedroomN/AN/A$1,290

    Affordability — Morning Sun, IA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.3
    Median Home Price$178,000
    Median Household Income$70,000

    Morning Sun, IA — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Pleasant Grove, IA

    52660

    Wapello, IA

    52653

    Mount Union, IA

    52644

    Winfield, IA

    52659

    Mediapolis, IA

    52637

    Frequently Asked Questions