Mount Pleasant, IA—52641
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mount Pleasant, IA
Mount Pleasant, IA lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $185,000 | 1.3% |
| Single Family | $186,000 | 1.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $93,000 | 0.0% |
2 Bed | $143,000 | 1.4% |
3 Bed | $186,000 | 1.1% |
4 Bed | $232,000 | 2.7% |
| 5 Bed | $285,000 | 2.5% |
% of Housing Stock
Rental Trends — Mount Pleasant, IA
As of July '25, Rentcast reports the average rent in Mount Pleasant, IA is $895, with a year-over-year rent change of -7.0%. Per bedroom, the median rent as of July '25 in Mount Pleasant, IA is 1-bedrooms: $750, 2-bedrooms: $992, 3-bedrooms: $650. The most common rental property sizes in Mount Pleasant, IA are 2-bedroom and 3-bedroom, accounting for 36.4% and 28.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $660 | $895 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $750 | $750 |
| 2 Bed Rent | $660 | $992 |
| 3 Bed Rent | $650 | $650 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Mount Pleasant, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Mount Pleasant, IA is 52. This is a decrease of -32.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $230,000 | 2.0% |
Listing Count | 63 | 13.0% |
| Listings as % of Homes | 0.6% | 13.0% |
Days on Market | 52 | -32.0% |
Demographics — Mount Pleasant, IA
As of the latest ACS Survey released in 2023, Mount Pleasant, IA has a population of 12,800, which has increased by 4.4% over the past 5 years. Mount Pleasant, IA is a moderately popular place for families, as children make up 19.6% 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 few residents working remotely, with 7.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,800 | 4.4% |
% Under 18 | 19.6% | -2.5% |
% Seniors | 18.7% | 6.9% |
% WFH | 7.6% | 230.4% |
% w/ College Degree | 22.3% | 5.2% |
As of the latest ACS Survey released in 2023, Mount Pleasant, IA is a predominantly white area, with 82.9% of the population identifying as white. The white population has shrunk by 1.5% in the last 5 years. The second most common race or ethnicity in Mount Pleasant, IA is hispanic, making up 7.3% of the population. Foreign-born residents account for 3.4% of the population in Mount Pleasant, IA, and this percentage has decreased by 30.6% 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 | 82.9% | -1.5% |
% Black | 4.0% | 14.3% |
% Hispanic | 7.3% | 21.7% |
% Asian | 1.7% | -56.4% |
% Foreign Born | 3.4% | -30.6% |
Mortgage and Risk — Mount Pleasant, IA
According to HUD data as of 2023, there were 108 mortgage originations in Mount Pleasant, IA, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Mount Pleasant, IA. Investor activity is low, as 4.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 108 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Mount Pleasant, IA
Mount Pleasant, IA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 170 |
Total Units Section 8 | 170 |
% Rentals under Section 8 | 11.1% |
% Occupied Section 8 | 90.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$50 | $750 | $700 |
| 2 Bedroom | $260 | $660 | $920 |
| 3 Bedroom | $600 | $650 | $1,250 |
| 4 Bedroom | N/A | N/A | $1,420 |
Affordability — Mount Pleasant, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $185,000 |
| Median Household Income | $63,400 |