The story of this market
The typical home in ZIP 52552 sells for about $350,000, or $145 per square foot.
Prices are up +16.7% from a year ago, so sellers still have some momentum. Homes take about 22 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $847 a month.
ZIP 52552 — Drakesville
The housing market in 52552 is showing strong appreciation and high demand, evidenced by a 16.7% year-over-year price increase. Low inventory and a rapid sales pace suggest a competitive environment for buyers, driven by limited supply and steady local interest.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle with affordable housing options and a strong sense of community.
Median prices moved up 16.7% year over year.
Homes spend a median of 22 days on market with 1.6 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 100.1% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 3.0% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 52552, 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.
Crime rates in this area remain low and stable, consistently performing better than the regional average for rural Iowa.
Local schools are generally characterized as stable with moderate performance metrics, serving a small student population.
The area faces standard Midwestern climate risks, primarily related to seasonal severe thunderstorms and occasional flooding in low-lying zones.
Economic momentum is driven by local agricultural and small-scale manufacturing sectors, with limited large-scale infrastructure development.
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.
Commutes are primarily car-dependent, with residents typically driving to nearby regional employment hubs in larger county seats.
Recreational opportunities include local community parks and access to nearby rural trails and fishing spots.
The rental market is characterized by low inventory and stable demand, with few short-term rental units present.
The economy is anchored by agriculture and regional service industries, with employment concentrated in nearby urban centers.
Transportation is almost exclusively via private vehicle, with no significant public transit infrastructure.
There are no major large-scale commercial or residential developments currently approved or under construction.
The county appraisal district conducts periodic assessments to ensure property values align with market trends.
Parcels are subject to standard school district and county-level tax levies.
Property insurance premiums are stable, reflecting the low-hazard profile of the region.
Net domestic migration is neutral, with a stable population base.
Iowa is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a standard real estate disclosure form detailing the condition of the property.
Data retrieved from census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Provides local green space and outdoor recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.