Is Lenox, IA 50851 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Lenox 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 Lenox housing market right now

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

About the area

Taylor County, IA

Population	2,193
Median income	$70,926
Average income	$86,670
Median home value	$121,000
Median rent	$1,054/month
Owner-occupied	79% of homes
Median year built	1960

Natural hazard riskExtreme heat (relatively high), tornadoes (relatively high), winter storms (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 50851; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 50851

Prefilled for 50851Can I win this house?Multiple-offer likelihood for a listing Prefilled for 50851Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Bedford 50833Buyer’s market $69 /sq ft Blockton 50836Buyer’s market — /sq ft Clearfield 50840 — /sq ft New Market 51646 — /sq ft Browse all markets →

Towns like Lenox nearby

Find towns like Lenox in other states →

Bedford, IA50833 · 17 miles away89% similarVery close on income, prices and more Afton, IA50830 · 22 miles away89% similarVery close on income, prices and more Greenfield, IA50849 · 30 miles away87% similarpricier homes ($28K more) Corning, IA50841 · 12 miles away86% similarolder residents

Where Lenox is

Loading map…

Questions about Lenox real estate

What are property taxes in Lenox?

About 1.26% of a home’s value a year in Taylor County, or roughly $5,040 on a $400,000 home.

Local agents

See all agents in 50851 →

No sponsored agents in 50851 yet. Are you an agent here? Put your name in front of local buyers.

Save this ZIP (free account)

More tools for 50851

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 Taylor County property taxes Taylor County loan limits Closing costs in Iowa Hottest ZIP codes in Iowa

Add this to your website

Free to use. Paste this code where you want the live widget to appear. It updates automatically. More widgets

JavaScript (recommended) iframe only

<div class="offerbacked-widget" data-widget="zip" data-zip="50851"><a href="https://offerbacked.com/market/50851">Lenox, IA 50851 housing market data from OfferBacked</a></div>
<script async src="https://offerbacked.com/widget.js"></script>

Sizes itself to fit. If your site builder removes scripts, use “iframe only”.

Preview Dark version

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