Indianola, IA—50125
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Indianola, IA
As of Oct '25, the median home price in Indianola, IA is $305,000, with a year-over-year change of 3.6%. This indicates that home prices in Indianola, IA are increasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $305,000 | 3.6% |
| Single Family | $313,000 | 3.6% |
| Condos | $166,000 | 4.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $215,000 | 4.9% |
3 Bed | $294,000 | 3.9% |
4 Bed | $356,000 | 3.2% |
| 5 Bed | $451,000 | 3.4% |
% of Housing Stock
Rental Trends — Indianola, IA
As of July '25, Rentcast reports the average rent in Indianola, IA is $1,170, with a year-over-year rent change of 4.5%. Per bedroom, the median rent as of July '25 in Indianola, IA is 1-bedrooms: $998, 2-bedrooms: $1,080, 3-bedrooms: $1,180, 4-bedrooms: $2,200. The most common rental property sizes in Indianola, IA are 2-bedroom and 3-bedroom, accounting for 54.2% and 21.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,110 | $1,170 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $900 | $998 |
| 2 Bed Rent | $1,150 | $1,080 |
| 3 Bed Rent | $1,110 | $1,180 |
| 4 Bed Rent | $2,200 | $2,200 |
% of Rental Stock
Property Listings — Indianola, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Indianola, IA is 57. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $357,000 | 1.0% |
Listing Count | 118 | 26.0% |
| Listings as % of Homes | 0.9% | 26.0% |
Days on Market | 57 | -1.0% |
Demographics — Indianola, IA
As of the latest ACS Survey released in 2023, Indianola, IA has a population of 20,000, which has decreased by -1.7% over the past 5 years. Indianola, IA is a moderately popular place for families, as children make up 22.9% of the population. The area has a moderately educated workforce, with 33.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,000 | -1.7% |
% Under 18 | 22.9% | -1.3% |
% Seniors | 18.9% | 14.5% |
% WFH | 12.8% | 161.2% |
% w/ College Degree | 33.7% | 6.3% |
As of the latest ACS Survey released in 2023, Indianola, IA is a predominantly white area, with 92.8% of the population identifying as white. The white population has shrunk by 2.4% in the last 5 years. The second most common race or ethnicity in Indianola, IA is hispanic, making up 2.4% of the population. Foreign-born residents account for 2.1% of the population in Indianola, IA, and this percentage has increased by 23.5% 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 | 92.8% | -2.4% |
% Black | 0.9% | 200.0% |
% Hispanic | 2.4% | -4.0% |
% Asian | 1.4% | 180.0% |
% Foreign Born | 2.1% | 23.5% |
Mortgage and Risk — Indianola, IA
According to HUD data as of 2023, there were 544 mortgage originations in Indianola, IA, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Indianola, IA. Investor activity is low, as 7.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 544 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 7.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Indianola, IA
As of 2024, the percent of homes in Indianola, IA under the Section 8 program is 16.3%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Indianola, IA, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 318 |
Total Units Section 8 | 315 |
% Rentals under Section 8 | 16.3% |
% Occupied Section 8 | 87.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$10 | $900 | $890 |
| 2 Bedroom | -$90 | $1,150 | $1,060 |
| 3 Bedroom | $310 | $1,110 | $1,420 |
| 4 Bedroom | -$770 | $2,200 | $1,430 |
Affordability — Indianola, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $305,000 |
| Median Household Income | $86,500 |