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Slater, IA—50244

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$301,000
2.1% YoY Growth
Household Income
$102,000
28.4% YoY Growth
Days on Market
113
184.0% Longer YoY
Home Price Forecast
1.2%
Median Rent
$2,300
223.9% YoY Growth
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 — Slater, IA

As of May '26, the median home price in Slater, IA is $301,000, with a year-over-year change of 2.1%. This indicates that home prices in Slater, IA are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$301,0002.1%
Single Family $302,0002.7%
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
    		$223,0002.3%
    3 Bed
    		$288,0002.1%
    4 Bed
    		$358,0003.5%
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    4.6%
    2 Bedrooms
    15.5%
    3 Bedrooms
    49.7%
    4 Bedrooms
    21.4%
    5+ Bedrooms
    8.8%

    Rental Trends — Slater, IA

    As of July '25, Rentcast reports the average rent in Slater, IA is $2,300, with a year-over-year rent change of 223.9%. Per bedroom, the median rent as of July '25 in Slater, IA is 4-bedrooms: $2,300. The most common rental property sizes in Slater, IA are 2-bedroom and 1-bedroom, accounting for 50.0% and 35.0% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,300$2,300
    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 $2,300$2,300
    Loading chart...

    % of Rental Stock

    1 Bedroom
    35.0%
    2 Bedrooms
    50.0%
    3 Bedrooms
    15.0%

    Property Listings — Slater, IA

    As of May '26, Realtor.com reports that the median days on market for a home in Slater, IA is 113. This is a increase of 184.0% 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
    		$432,00021.0%
    Listing Count
    		6-33.0%
    Listings as % of Homes0.8%-33.0%
    Days on Market
    		113184.0%
    Loading chart...

    Demographics — Slater, IA

    As of the latest ACS Survey released in 2023, Slater, IA has a population of 1,870, which has decreased by -1.1% over the past 5 years. Slater, IA is a moderately popular place for families, as children make up 24.7% of the population. The area has a moderately educated workforce, with 41.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.4% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		1,870-1.1%
    % Under 18
    		24.7%-19.5%
    % Seniors
    		15.5%4.0%
    % WFH
    		19.4%288.0%
    % w/ College Degree
    		41.8%20.8%
    Loading chart...

    As of the latest ACS Survey released in 2023, Slater, IA is a predominantly white area, with 94.6% of the population identifying as white. The white population has grown by 1.2% in the last 5 years. The second most common race or ethnicity in Slater, IA is hispanic, making up 3.6% of the population. Foreign-born residents account for 0.6% of the population in Slater, IA, and this percentage has decreased by 40.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		94.6%1.2%
    % Black
    		0.4%∞%
    % Hispanic
    		3.6%-33.3%
    % Asian
    		0.3%50.0%
    % Foreign Born
    		0.6%-40.0%
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    Mortgage and Risk — Slater, IA

    According to HUD data as of 2023, there were 103 mortgage originations in Slater, IA, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Slater, IA. Investor activity is low, as 7.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		103
    % Conventional Loans
    		86.0%
    % Government Loans
    		14.0%
    % Investor Loans
    		7.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		10.0%
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    Rentals and Section 8 — Slater, IA

    Slater, 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$830
    2 BedroomN/AN/A$980
    3 BedroomN/AN/A$1,330
    4 Bedroom-$720$2,300$1,580

    Affordability — Slater, IA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.6
    Median Home Price$301,000
    Median Household Income$102,000

    Slater, IA — ZIP Code Boundary Map

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    Frequently Asked Questions