Is Menlo, IA 50164 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Menlo is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Menlo housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Guthrie County, IA

Population	682
Median income	$80,188
Average income	$80,190
Median home value	$151,000
Owner-occupied	94% of homes
Median year built	1938

Natural hazard riskTornadoes (very high), winter storms (relatively high), hail (relatively high)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 50164; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 50164

Prefilled for 50164Can I win this house?Multiple-offer likelihood for a listing Prefilled for 50164Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Adair 50002Seller’s market $139 /sq ft Bagley 50026 — /sq ft Bayard 50029 — /sq ft Casey 50048Seller’s market $70 /sq ft Browse all markets →

Where Menlo is

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Questions about Menlo real estate

What are property taxes in Menlo?

About 1.22% of a home’s value a year in Guthrie County, or roughly $4,880 on a $400,000 home.

Local agents

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More tools for 50164

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Guthrie County property taxes Guthrie County loan limits Closing costs in Iowa Hottest ZIP codes in Iowa

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology