The story of this market
The typical home in ZIP 52638 sells for about $197,621, or $118 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 84 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $780 a month.
ZIP 52638 — Middletown
The housing market in 52638 is characterized by low inventory and modest price appreciation. Demand is driven by local residents seeking affordability, though the small population size limits overall market velocity.
This ZIP is best suited for local workers and families seeking affordable, small-town living with proximity to Burlington.
Median prices moved up 4.2% year over year.
Homes spend a median of 84 days on market with 4.1 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 10.3% — 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 6.2%/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 4.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 52638, Des Moines 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.
Middletown serves as a small residential community in Des Moines County with limited large-scale industrial 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.
Residents primarily commute via US-34 toward Burlington for employment and services.
Local recreation is limited, with access to regional parks and outdoor activities in the broader Des Moines County area.
The rental market is characterized by low inventory and stable demand, with a renter share of approximately 24.6%.
The local economy is tied to the broader Burlington-West Burlington micropolitan area, featuring manufacturing and healthcare anchors.
No major large-scale developments are currently reported for this ZIP.
Parcels are subject to Des Moines County property tax levies and local school district assessments.
Standard Midwestern property insurance coverage applies, with typical exposure to severe weather events.
Data retrieved from 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.
Local community green space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.