The story of this market
The typical home in ZIP 52588 sells for about $108,000, or $78 per square foot.
Prices are up +43.3% from a year ago, so sellers still have some momentum. Homes take about 65 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $810 a month.
ZIP 52588 — Selma
The Keokuk housing market remains stable with low competition and high affordability compared to national averages. Prices have seen a moderate increase over the past year, driven by limited inventory rather than high demand. The market is currently characterized by a slow pace of sales and a reliance on local industrial employment.
This area is best suited for budget-conscious families and retirees looking for affordable housing and a quiet, river-town lifestyle.
Median prices moved up 43.3% year over year.
Homes spend a median of 65 days on market with 5.2 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 87.9% — a mixed stability 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 2.9%/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 2.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 52632, Lee 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 Keokuk are generally consistent with regional averages for small river cities in Iowa, with property crime being the primary concern.
The area is served by the Keokuk Community School District, which provides standard public education services for the region.
The city is located along the Mississippi River, necessitating flood insurance for properties in designated low-lying floodplains.
Economic momentum is tied to regional manufacturing and river-based logistics, with limited new large-scale commercial development reported.
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.
Commuting is primarily by private vehicle, with most residents working within the city or in nearby industrial hubs along the Mississippi River corridor.
The area features significant access to the Mississippi River for boating and fishing, along with local parks and the historic Keokuk National Cemetery.
The rental market is characterized by steady demand for affordable housing, with limited new multi-family construction.
The local economy is anchored by manufacturing, healthcare, and river-related logistics industries.
Transportation is dominated by highway access via US-218 and US-61, with limited public transit options.
Development is focused on small-scale residential infill and maintenance of existing infrastructure.
The Lee County Assessor manages property valuations, with assessments updated periodically to reflect market changes.
Parcels are subject to standard municipal, county, and school district tax levies.
Property insurance premiums are influenced by flood risk associated with the Mississippi River proximity.
Net domestic migration has been relatively flat, with modest outflows typical of rural Iowa regions.
Iowa is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a written disclosure statement regarding the condition of the property.
Data retrieved from US Census Bureau 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.
A significant historic landmark and burial site.
Provides extensive recreational opportunities including boating and fishing.
A major river navigation structure and local landmark.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.