Is Lake City, IA 51449 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Lake City 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 Lake City housing market right now

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

About the area

Calhoun County, IA

Population	1,950
Median income	$75,329
Average income	$106,927
Median home value	$115,800
Median rent	$763/month
Owner-occupied	81% of homes
Median year built	1951

Natural hazard riskTornadoes (very high), hail (very 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 51449; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 51449

Prefilled for 51449Can I win this house?Multiple-offer likelihood for a listing Prefilled for 51449Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Farnhamville 50538 — /sq ft Lohrville 51453 — /sq ft Manson 50563Seller’s market $335 /sq ft Rockwell City 50579Seller’s market $118 /sq ft Browse all markets →

Towns like Lake City nearby

Find towns like Lake City in other states →

Newell, IA50568 · 27 miles away90% similaryounger residents Manning, IA51455 · 30 miles away90% similarVery close on income, prices and more Pocahontas, IA50574 · 32 miles away88% similarVery close on income, prices and more Odebolt, IA51458 · 26 miles away86% similarpricier homes ($34K more) · smaller

Where Lake City is

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Questions about Lake City real estate

What are property taxes in Lake City?

About 1.32% of a home’s value a year in Calhoun County, or roughly $5,280 on a $400,000 home.

Local agents

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More tools for 51449

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 Calhoun County property taxes Calhoun 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