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Home values, rents and more in ZIP code 52240 (Iowa City, IA)

September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07

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Typical home value
$277,000
Metro: $300,000 · U.S.: $366,000
Home values, past year
+2.6%
Metro: +3.0% · U.S.: +1.2%
Typical rent
$1,625/mo
Metro: $1,757 · U.S.: $1,932
Rents, past year
+7.9%
Metro: +7.9% · U.S.: +2.9%
Population
35,074
ACS 2020–24
Median household income
$52,960
Metro: $75,088 · U.S.: $80,734
ZIP codes around 52240, shaded by typical home value5224052356523335232252776522475232752358523065275552248527665220352404
  • Under $200k
  • $200k–$250k
  • $250k–$280k
  • $280k–$340k
  • $340k+
  • No data
ZIP codes around 52240, shaded by typical home value (Zillow, ZIP codes). Dashed lines are county borders. 52240 is outlined.

How 52240 compares

The typical home in ZIP code 52240 (Iowa City, IA) is worth about $277,000, according to the Zillow Home Value Index for September 2026. Home values in 52240 are 8% below the typical value in the Iowa City metro area ($300,000) and 24% below the U.S. typical value ($366,000).

Over the past year, home values in 52240 rose 2.6%, compared with +3.0% in the Iowa City metro area and +1.2% nationally.

Typical rent is $1,625 a month (Zillow Observed Rent Index), 8% below the Iowa City metro area ($1,757) and 16% below the U.S. ($1,932). Rents rose 7.9% over the past year.

The median household income is $52,960, against $75,088 in the Iowa City metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).

About 35,074 people live in 52240 (American Community Survey 2020–24).

52240 has the 10th-highest typical home value of the 20 ZIP codes in the Iowa City metro area and the 191st-highest of 824 in Iowa with Zillow figures.

Part of: Iowa City, IA · Johnson County, IA · Iowa City metro area · Iowa

More for 52240 in ProMap Plus

These measures are on the map for subscribers. Open ProMap to see them for 52240 and every other place.

  • 5- and 10-year price changes
  • Days on market and months of supply
  • Price cuts and sale-to-list ratio
  • Price-to-income and monthly cost to buy
  • Zillow 12-month price forecast
  • Crime rates
  • School test scores
  • Homeowners insurance premiums
  • Commute time to downtown
  • Flood, wildfire and natural hazard risk
  • Property-tax rate
  • 2024 presidential vote
  • Age, education and household make-up
  • Amenities and transit nearby
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Nearby ZIP codes

Sources

Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.

"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.

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