Brokers — List your Company Here
Featured local agent — Elk Run Heights, IA
Sarah Mitchell
Compass Real Estate · Elk Run Heights, IA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Elk Run Heights, IA Housing Market
The typical home in Elk Run Heights, IA is worth $201,409, rose 1.8% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $197,500, -16.8% year over year (through May 2026). With 1.0 months of supply and homes going under contract in about 42 days, Elk Run Heights is a strong seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $201,409 home is about $1,075/mo in principal and interest.
Key numbers for Elk Run Heights, IA
Typical home value
$201,409
+1.8% in 12 months
Zillow, August 2026
Median sale price
$197,500
-16.8% year over year
Redfin, through May 2026
Days on market
42
Average pace
Redfin, through May 2026
Active listings
1
1.0 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$68,828
Home costs 2.9x income
U.S. Census ACS, 2023
Sale-to-list ratio
104.0%
Selling above asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Elk Run Heights a buyer's or seller's market?
Elk Run Heights, IA is a strong seller's market, based on 1.0 months of supply and homes selling in about 42 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Elk Run Heights housing market data show?
Every row below is Redfin's final published month for Elk Run Heights, IA. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $197,500 |
| Year-over-year price change | -16.8% |
| Median price per sq ft | $190/sq ft |
| Median days on market | 42 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 104.0% |
| Homes sold (that month) | 1 |
| Market condition | Strong seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Elk Run Heights is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Elk Run Heights is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Elk Run Heights home prices moved?
Over the last three years the median sale price in Elk Run Heights, IA rose 29.9%, from $152,000 to $197,500. The live Zillow value series has rose 1.8% in the last 12 months, which is the more current read now that Redfin's series has stopped. For prices to fall meaningfully from here, supply would have to keep building past 1.0 months while the sale-to-list ratio slips below its current 104.0%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
Get Elk Run Heights market alerts
Weekly updates on prices, inventory, and trends. Free forever.
What does it cost to buy a home in Elk Run Heights?
Priced off the typical home value of $201,409 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $40,282 | $161,128 | $1,075/mo |
| 5% | $10,070 | $191,339 | $1,277/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,075, that implies roughly $46,081 a year before you add taxes and insurance. The median household in Elk Run Heights earns $68,828, about $22,747 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 2.9x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Elk Run Heights in the next 12 months?
Tell us your timeline. We send the Elk Run Heights market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Elk Run Heights?
Zillow does not publish a rent index (ZORI) for Elk Run Heights, IA, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Elk Run Heights?
Active listings in Elk Run Heights, IA went from 1 in August 2023 to 1 in May 2026, a +0.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| December 2023 | 1 | not published |
| May 2024 | 1 | 4 |
| June 2024 | 1 | 3 |
| July 2024 | 3 | 2 |
| November 2024 | 2 | 1 |
| February 2025 | 1 | 3 |
| March 2025 | 3 | 4 |
| September 2025 | 2 | 2 |
| November 2025 | 1 | not published |
| February 2026 | 2 | not published |
| April 2026 | 3 | 1 |
| May 2026 | 1 | not published |
Redfin, through May 2026
How does Elk Run Heights compare to Iowa and the U.S.?
Elk Run Heights homes sell for $197,500 — 24% below the Iowa median of $258,700. Against the national median of $410,700, Elk Run Heights runs 52% lower. Year-over-year, Elk Run Heights moved -16.8% against Iowa's +2.3% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Elk Run Heights, IA | $197,500 | -16.8% | 42 days |
| Iowa statewide | $258,700 | +2.3% | 37 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Elk Run Heights
What buyers should watch
- Months of supply, currently 1.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $202 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $201,409 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Elk Run Heights listing goes under contract in 42 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 104.0% of asking. Price at the number you want and let competition do the rest.
- Your equity moved +1.8% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Elk Run Heights varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Elk Run Heights
There are currently 1 homes listed for sale in Elk Run Heights, Iowa.
Active listings
1
Homes on market
Avg. days on market
42
Days until sale
How much do homes cost in Elk Run Heights by property type?
How the Elk Run Heights, IA market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $197,500 | $190/sq ft | 1 | 42 days |
Who lives in Elk Run Heights?
American Community Survey estimates for Elk Run Heights. U.S. Census ACS, 2023
Population
968
Households
439
Median income
$68,828/yr
Median age
56.6 years
Owner-occupied
92.7%
Median home value
$169,400
Median gross rent
$1,250/mo
Mean commute
21.6 min
92.7% of occupied homes in Elk Run Heights are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $169,400 against Zillow's $201,409 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which cities are near Elk Run Heights, IA?
Ordered by distance from Elk Run Heights, not by size. Compare Elk Run Heights side by side with any of them.
Elk Run Heights housing market FAQ
Is Elk Run Heights a buyer's or seller's market?
Elk Run Heights, IA is currently a strong seller's market. That read comes from 1.0 months of supply, homes going under contract in about 42 days, and sellers getting 104.0% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Elk Run Heights?
The typical home in Elk Run Heights, IA is worth $201,409 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $197,500, about $190 per square foot.
Is Elk Run Heights cheaper than the rest of Iowa?
Elk Run Heights's median sale price of $197,500 is 24% lower than the Iowa statewide median of $258,700, and 52% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Elk Run Heights?
Homes in Elk Run Heights, IA spent a median of 42 days on market before going under contract, versus 37 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Elk Run Heights?
At the current 30-year fixed rate of 7.03%, 20% down on a $201,409 home is about $1,075 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $46,081 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $68,828.
Are home prices rising in Elk Run Heights?
The typical home value in Elk Run Heights, IA rose 1.8% over the last 12 months, from $197,754 to $201,409 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Elk Run Heights?
Elk Run Heights ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Elk Run Heights?
That depends on your timeline, not on a headline. What the data says today: Elk Run Heights, IA is a strong seller's market with 1.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
Be the brokerage on this page
1 slot per pageGet featured on Elk Run Heights, IA
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Keep researching Elk Run Heights
Nearby markets
Get the Elk Run Heights market brief
Get the Elk Run Heights, IA market brief
One email: what homes are actually clearing at around $201,409, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.