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Carroll, IA—51401

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$225,000
8.0% YoY Growth
Household Income
$64,500
18.6% YoY Growth
Days on Market
64
22.0% Shorter YoY
Home Price Forecast
N/A
Median Rent
$825
N/A
1-Bed Rent
N/A
N/A
2-Bed Rent
$825
N/A
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Carroll, IA

Carroll, IA lacks sufficient home price data for analysis.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$225,0008.0%
Single Family $226,0008.1%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
N/AN/A
  • Affordability
  • Rentals and Section 8
    • 2 Bed
    $198,000
    9.4%
    3 Bed
    		$221,0007.8%
    4 Bed
    		$257,0008.0%
    5 Bed $338,65410.9%
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    % of Housing Stock

    Studio
    2.4%
    1 Bedroom
    8.6%
    2 Bedrooms
    21.2%
    3 Bedrooms
    40.5%
    4 Bedrooms
    21.6%
    5+ Bedrooms
    5.7%

    Rental Trends — Carroll, IA

    Carroll, IA lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average Rent$825$833
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $825$833
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    6.6%
    1 Bedroom
    26.5%
    2 Bedrooms
    41.3%
    3 Bedrooms
    14.6%
    4 Bedrooms
    9.6%
    5+ Bedrooms
    1.3%

    Property Listings — Carroll, IA

    As of May '26, Realtor.com reports that the median days on market for a home in Carroll, IA is 64. This is a decrease of -22.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$242,000-3.0%
    Listing Count
    		6422.0%
    Listings as % of Homes0.4%22.0%
    Days on Market
    		64-22.0%
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    Demographics — Carroll, IA

    As of the latest ACS Survey released in 2023, Carroll, IA has a population of 12,100, which has increased by 1.2% over the past 5 years. Carroll, IA is a moderately popular place for families, as children make up 23.8% of the population. The area has a moderately educated workforce, with 26.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.0% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		12,1001.2%
    % Under 18
    		23.8%1.3%
    % Seniors
    		22.3%14.4%
    % WFH
    		6.0%-6.2%
    % w/ College Degree
    		26.0%7.0%
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    As of the latest ACS Survey released in 2023, Carroll, IA is a predominantly white area, with 92.5% of the population identifying as white. The white population has shrunk by 6.3% in the last 5 years. The second most common race or ethnicity in Carroll, IA is hispanic, making up 4.2% of the population. Foreign-born residents account for 2.4% of the population in Carroll, IA, and this percentage has increased by 242.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		92.5%-6.3%
    % Black
    		1.1%266.7%
    % Hispanic
    		4.2%1,300.0%
    % Asian
    		0.8%∞%
    % Foreign Born
    		2.4%242.9%
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    Mortgage and Risk — Carroll, IA

    According to HUD data as of 2023, there were 108 mortgage originations in Carroll, IA, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Carroll, IA. Investor activity is low, as 2.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		108
    % Conventional Loans
    		81.0%
    % Government Loans
    		19.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		2.0%
    % Cash Out Refinance
    		5.0%
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    Rentals and Section 8 — Carroll, IA

    Carroll, IA lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		236
    Total Units Section 8
    		236
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		68.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$730
    2 Bedroom$55$825$880
    3 BedroomN/AN/A$1,100
    4 BedroomN/AN/A$1,160

    Affordability — Carroll, IA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3
    Median Home Price$225,000
    Median Household Income$64,500

    Carroll, IA — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Lidderdale

    51452

    Halbur

    51444

    Arcadia, IA

    51430

    Templeton, IA

    51463

    Dedham, IA

    51440

    Frequently Asked Questions