Carter Lake, IA 51510 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Carter Lake, IA—51510

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$201,000

2.6% YoY Growth

Household Income

$75,000

53.0% YoY Growth

Days on Market

15.0% Longer YoY

Home Price Forecast

2.3%

Median Rent

$1,350

17.2% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,200

12.7% YoY Growth

3-Bed Rent

$1,400

25.8% YoY Growth

Home Price Trends — Carter Lake, IA

As of Nov '25, the median home price in Carter Lake, IA is $201,000, with a year-over-year change of 2.6%. This indicates that home prices in Carter Lake, IA are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$201,000	2.6%
Single Family	$201,000	2.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Carter Lake, IA

As of July '25, Rentcast reports the average rent in Carter Lake, IA is $1,350, with a year-over-year rent change of -17.2%. Per bedroom, the median rent as of July '25 in Carter Lake, IA is 2-bedrooms: $1,240, 3-bedrooms: $1,410. The most common rental property sizes in Carter Lake, IA are 3-bedroom and 2-bedroom, accounting for 52.3% and 29.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,350	$1,350
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$1,200	$1,240
3 Bed Rent	$1,400	$1,410
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

5.5%

2 Bedrooms

29.8%

3 Bedrooms

52.3%

4 Bedrooms

12.4%

Property Listings — Carter Lake, IA

As of Nov '25, Realtor.com reports that the median days on market for a home in Carter Lake, IA is 26. This is a increase of 15.0% 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	$216,000	-13.0%
Listing Count	12	6.0%
Listings as % of Homes	0.3%	6.0%
Days on Market	26	15.0%

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Demographics — Carter Lake, IA

As of the latest ACS Survey released in 2023, Carter Lake, IA has a population of 3,770, which has remained stable by -0.5% over the past 5 years. Carter Lake, IA is a popular place for families, as children make up 25.3% of the population. The area has a poorly educated workforce, with 12.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	3,770	-0.5%
% Under 18	25.3%	-18.6%
% Seniors	15.3%	14.2%
% WFH	10.8%	800.0%
% w/ College Degree	12.9%	-34.5%

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As of the latest ACS Survey released in 2023, Carter Lake, IA is a predominantly white area, with 75.3% of the population identifying as white. The white population has shrunk by 12.8% in the last 5 years. The second most common race or ethnicity in Carter Lake, IA is hispanic, making up 19.9% of the population. Foreign-born residents account for 8.1% of the population in Carter Lake, IA, and this percentage has increased by 211.5% 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	75.3%	-12.8%
% Black	0.6%	-71.4%
% Hispanic	19.9%	142.7%
% Asian	0.6%	100.0%
% Foreign Born	8.1%	211.5%

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Mortgage and Risk — Carter Lake, IA

According to HUD data as of 2023, there were 77 mortgage originations in Carter Lake, IA, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Carter Lake, IA. Investor activity is low, as 8.0% of loans were by investors. 23.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	77
% Conventional Loans	78.0%
% Government Loans	22.0%
% Investor Loans	8.0%
% Second Loans	6.0%
% Cash Out Refinance	23.0%

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Rentals and Section 8 — Carter Lake, IA

Carter Lake, IA lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	45
Total Units Section 8	45
% Rentals under Section 8	20.2%
% Occupied Section 8	94.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,030
2 Bedroom	$40	$1,200	$1,240
3 Bedroom	$250	$1,400	$1,650
4 Bedroom	N/A	N/A	$1,830

Carter Lake, IA—51510

Key Metrics at a Glance

Home Price Trends — Carter Lake, IA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Carter Lake, IA

% of Rental Stock

Property Listings — Carter Lake, IA

Demographics — Carter Lake, IA

Race and Ethnicity

Mortgage and Risk — Carter Lake, IA

Mortgages

Rentals and Section 8 — Carter Lake, IA

Section 8 Market Size

Section 8 Opportunity

Affordability — Carter Lake, IA

Home Price to Income Ratio

Carter Lake, IA — ZIP Code Boundary Map

Nearby ZIP Codes

Omaha, NE

Omaha, NE

Omaha

Omaha, NE

Omaha, NE

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.3
Median Home Price	$201,000
Median Household Income	$75,000

Carter Lake, IA—51510

Key Metrics at a Glance

Home Price Trends — Carter Lake, IA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Carter Lake, IA

% of Rental Stock

Property Listings — Carter Lake, IA

Demographics — Carter Lake, IA

Race and Ethnicity

Mortgage and Risk — Carter Lake, IA

Mortgages

Rentals and Section 8 — Carter Lake, IA

Section 8 Market Size

Section 8 Opportunity

Affordability — Carter Lake, IA

Home Price to Income Ratio

Carter Lake, IA — ZIP Code Boundary Map

Nearby ZIP Codes

Omaha, NE

Omaha, NE

Omaha

Omaha, NE

Omaha, NE

Frequently Asked Questions

What is the average home price in Carter Lake, IA 51510?

How have home prices in Carter Lake, IA 51510 changed over the past year?

What is the home price projection for Carter Lake, IA 51510?

What are the demographics of Carter Lake, IA 51510?

How long does it take homes to sell in Carter Lake, IA 51510?

What is the average rent price in Carter Lake, IA 51510?