The story of this market
The typical home in ZIP 51535 sells for about $94,000, or $75 per square foot.
Prices are up +49.1% from a year ago, so sellers still have some momentum. Homes take about 120 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,090 a month.
ZIP 51535 — Griswold
The housing market in 51535 is characterized by high affordability and low inventory, with a median home price significantly below the national average. Recent data shows a sharp year-over-year price increase, though this is likely driven by a small sample size of sales in a rural, low-turnover market. The area remains a stable, owner-occupied community with limited new development activity.
This ZIP is best suited for families and individuals seeking an affordable, quiet, small-town lifestyle with a low cost of living, though it requires a commute for major employment.
Median prices moved up 49.1% year over year.
Homes spend a median of 120 days on market with 4.7 months of supply — a slower-moving market.
15% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.2% · poverty 6.0% — 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 4.0%/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 3.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 51535, Cass County IA
The area is served by the Griswold Community School District, which provides local public education for the community.
The area is subject to standard Midwestern weather risks, including severe thunderstorms and occasional wind events; flood risk is generally localized.
The local economy is primarily driven by agriculture and small-town commerce, 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.
Commuting is primarily car-dependent, with residents typically driving to nearby employment hubs like Atlantic or Council Bluffs.
Local recreation includes community parks and access to rural outdoor activities, with limited large-scale shopping or entertainment venues within the immediate 3-mile radius.
The rental market is characterized by limited inventory and steady demand, with rents influenced by regional fair market standards for the Omaha-Council Bluffs metro area.
The economy is anchored by agricultural production and local service-sector businesses.
Transportation is entirely reliant on private vehicles via local and state highway networks.
There are no major large-scale commercial or residential developments currently reported for this ZIP.
The Cass County Assessor manages property valuations for tax purposes.
Parcels are subject to local school district taxes and county-level levies.
Property insurance premiums are generally stable but reflect regional exposure to severe weather events.
Data retrieved from U.S. Census Bureau ZCTA profiles.
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. Source: NCES EDGE public school locations 2023-24.
Local community green space for recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.