Letts, IA—52754
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Letts, IA
As of Oct '25, the median home price in Letts, IA is $250,000, with a year-over-year change of 4.8%. This indicates that home prices in Letts, IA are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $250,000 | 4.8% |
| Single Family | $250,000 | 5.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $218,000 | 5.8% |
4 Bed | $357,000 | 4.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Letts, IA
Letts, IA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio 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 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Letts, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Letts, IA is 85. This is a increase of 105.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $795,000 | 20.0% |
Listing Count | 2 | 100.0% |
| Listings as % of Homes | 0.5% | 100.0% |
Days on Market | 85 | 105.0% |
Demographics — Letts, IA
As of the latest ACS Survey released in 2023, Letts, IA has a population of 1,430, which has decreased by -6.2% over the past 5 years. Letts, IA is a moderately popular place for families, as children make up 22.9% of the population. The area has a poorly educated workforce, with 23.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,430 | -6.2% |
% Under 18 | 22.9% | 0.4% |
% Seniors | 16.9% | -14.6% |
% WFH | 2.8% | -76.9% |
% w/ College Degree | 23.3% | 15.9% |
As of the latest ACS Survey released in 2023, Letts, IA is a predominantly white area, with 91.7% of the population identifying as white. The white population has shrunk by 5.4% in the last 5 years. The second most common race or ethnicity in Letts, IA is hispanic, making up 2.9% of the population. Foreign-born residents account for 1.3% of the population in Letts, IA, and this percentage has increased by Inf% 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 | 91.7% | -5.4% |
% Black | 0.1% | -83.3% |
% Hispanic | 2.9% | 16.0% |
% Asian | 0.4% | ∞% |
% Foreign Born | 1.3% | ∞% |
Mortgage and Risk — Letts, IA
According to HUD data as of 2023, there were 37 mortgage originations in Letts, IA, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Letts, IA. Investor activity is low, as 14.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 37 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 14.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Letts, IA
Letts, 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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $820 |
| 2 Bedroom | N/A | N/A | $1,060 |
| 3 Bedroom | N/A | N/A | $1,330 |
| 4 Bedroom | N/A | N/A | $1,470 |
Affordability — Letts, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $250,000 |
| Median Household Income | $100,000 |