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New Sharon, IA—50207

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$234,000
10.3% YoY Growth
Household Income
$76,400
26.8% YoY Growth
Days on Market
64
82.0% Longer YoY
Home Price Forecast
3.7%
Median Rent
$800
27.5% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$800
0.0% YoY Growth
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — New Sharon, IA

As of May '26, the median home price in New Sharon, IA is $234,000, with a year-over-year change of 10.3%. This indicates that home prices in New Sharon, IA are increasing. According to Zillow, the 1-year price projection is 3.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$234,00010.3%
Single Family $234,00010.9%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$169,0009.7%
    3 Bed
    		$235,00011.4%
    4 Bed
    		$279,00010.3%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    0.9%
    1 Bedroom
    5.8%
    2 Bedrooms
    28.3%
    3 Bedrooms
    35.6%
    4 Bedrooms
    26.2%
    5+ Bedrooms
    3.2%

    Rental Trends — New Sharon, IA

    As of July '25, Rentcast reports the average rent in New Sharon, IA is $1,020, with a year-over-year rent change of 27.5%. Per bedroom, the median rent as of July '25 in New Sharon, IA is 2-bedrooms: $800, 4-bedrooms: $1,240. The most common rental property sizes in New Sharon, IA are 2-bedroom and 4-bedroom, accounting for 42.3% and 33.0% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$800$1,020
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $800$800
    3 Bed Rent N/AN/A
    4 Bed Rent $1,240$1,240
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    % of Rental Stock

    1 Bedroom
    5.1%
    2 Bedrooms
    42.3%
    3 Bedrooms
    15.1%
    4 Bedrooms
    33.0%
    5+ Bedrooms
    4.5%

    Property Listings — New Sharon, IA

    As of May '26, Realtor.com reports that the median days on market for a home in New Sharon, IA is 64. This is a increase of 82.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$350,00018.0%
    Listing Count
    		8-21.0%
    Listings as % of Homes0.3%-21.0%
    Days on Market
    		6482.0%
    Loading chart...

    Demographics — New Sharon, IA

    As of the latest ACS Survey released in 2023, New Sharon, IA has a population of 2,360, which has increased by 12.8% over the past 5 years. New Sharon, IA is a moderately popular place for families, as children make up 19.4% of the population. The area has a poorly educated workforce, with 22.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.8% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		2,36012.8%
    % Under 18
    		19.4%-1.5%
    % Seniors
    		14.9%-22.4%
    % WFH
    		5.8%-22.7%
    % w/ College Degree
    		22.4%21.7%
    Loading chart...

    As of the latest ACS Survey released in 2023, New Sharon, IA is a predominantly white area, with 98.1% of the population identifying as white. The white population has shrunk by 1.7% in the last 5 years. The second most common race or ethnicity in New Sharon, IA is black, making up 0.0% of the population. Foreign-born residents account for 0.0% of the population in New Sharon, 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
    		98.1%-1.7%
    % Black
    		0.0%N/A
    % Hispanic
    		0.0%N/A
    % Asian
    		0.0%N/A
    % Foreign Born
    		0.0%-100.0%
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    Mortgage and Risk — New Sharon, IA

    According to HUD data as of 2023, there were 56 mortgage originations in New Sharon, IA, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in New Sharon, IA. Investor activity is low, as 12.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		56
    % Conventional Loans
    		96.0%
    % Government Loans
    		4.0%
    % Investor Loans
    		12.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		16.0%
    Loading chart...
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    Rentals and Section 8 — New Sharon, IA

    New Sharon, IA lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

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

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$730
    2 Bedroom$80$800$880
    3 BedroomN/AN/A$1,090
    4 Bedroom-$80$1,240$1,160

    Affordability — New Sharon, IA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.5
    Median Home Price$234,000
    Median Household Income$76,400

    New Sharon, IA — ZIP Code Boundary Map

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    Frequently Asked Questions