The story of this market
The typical home in ZIP 52501 sells for about $127,000, or $105 per square foot.
Homes take about 71 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $926 a month.
ZIP 52501 — Ottumwa
The 52501 housing market is currently a buyer's market with elevated inventory and vacancy rates. Prices remain accessible, but the market requires careful diligence for investors due to potential demand challenges.
This area is suited for investors willing to price in maintenance and turnover friction, as well as budget-conscious buyers looking for accessible entry-level pricing.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 71 days on market with 6.8 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 97% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.4% · poverty 16.5% — a stable, low-distress profile.
ZCTA 52501, Wapello County IA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Educational options are available with both public and private schools serving primary and secondary levels.
The area features a mix of housing types with development history largely predating the 1960s.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Iowa) — Iowa Property Tax Assessment Limitation: The taxable value is determined by applying an assessment limitation (rollback) to the assessed market value. The limitation is calculated annually to restrict the growth in aggregate taxable value for the residential class to 3% statewide.
Proximity to highways enhances travel options within the community, though cycling is limited by terrain.
Residents have access to local grocery stores, pharmacies, and a selection of local restaurants.
The market shows elevated vacancy rates around 10.1%, which may signal weakening demand.
The local economy is centered on a mix of residential and commercial services within the Ottumwa city limits.
The area is served by highway corridors that facilitate local travel.
Data sourced from US Census Bureau profiles for ZCTA 52501.
Convenient access to local restaurants, pharmacies, and grocery stores.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.