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Area data

Lake Mills, IA — ZIP 50450

Population: 2,952 (Census ACS)

The median home value in ZIP 50450 (Lake Mills, IA) is $172,009 — up 8.9% over the past year. Homes sell for a median $167,500 after a median 31 days on market. 3 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Very Low, with drought, coldwave, winterweather the top-rated hazards. Cost of living is 12.2% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$172,009

Median home value

+8.9%

1-year change

31

Median days on market

Very Low

Hazard risk (county)

Home values & appreciation

Median home value
$172,009
1-year appreciation
+8.9%
3-year appreciation
+8.9%
5-year appreciation
+19.6%
10-year appreciation
+58.8%
All-time peak (2026-04)
$175,979
House Price Index (state)
386.7 (+2.3% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$167,500
Median list price
$129,750
Median price per sqft
$116
1-year sale-price change
-14.1%
Median days on market
31 days
Homes sold (recent period)
8
For-sale inventory
10
Sale-to-list ratio
99.6%
Active listings
6
1-year forecast
+2.0%

Source: recent area sales and market data (ZIP-level)

Rents

Studio fair-market rent
$688/mo
1BR fair-market rent
$818/mo
2BR fair-market rent
$927/mo
3BR fair-market rent
$1,284/mo
4BR fair-market rent
$1,374/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Low)
87.8 (100 = US avg)
Electricity rate (state-level)
13.7¢/kWh
Natural gas rate (state-level)
$10.60/MCF
30-year mortgage rate (national)
7.40%
15-year mortgage rate (national)
6.73%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
3
Elementary schools
1
Middle schools
1
High schools
1
Avg student-teacher ratio
14.2 : 1
Schools include
Lake Mills Elementary School, Lake Mills Middle School, Lake Mills Senior High School

Source: NCES school directory, 2022-23 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Very Low
Top hazards (county)
drought, coldWave, winterWeather
Notable hazard ratings (county)
hail: Relatively Low · drought: Relatively High · tornado: Relatively Low · coldWave: Relatively Moderate · strongWind: Relatively Low · winterWeather: Relatively Moderate
Wildfire risk to homes (county)
Higher than 8% of US counties
Buildings in wildfire direct-exposure zone
33.6%
Radon potential (county)
High radon potential — EPA Zone 1 of 3
EPA Superfund (NPL) sites within 5 mi
None
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Average annual temperature
46.0°F
Average high
56.0°F
Average low
36.0°F
Annual precipitation
34.3 in
USDA plant hardiness zone
5a (extreme annual low -20 to -15°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Amenities

Airports within 30 mi
15
Nearest airport
Lake Mills Municipal Airport (3 mi)
Nearest major airport
Mason City Municipal Airport (MCW) (21 mi)
Hospitals nearby (~15 mi)
5
Hospitals include
MERCYONE NORTH IOWA MEDICAL CENTER, HANCOCK COUNTY HEALTH SYSTEM, KOSSUTH REGIONAL HEALTH CENTER
Avg hospital rating (CMS)
3.3 / 5
Best hospital rating nearby (CMS)
5.0 / 5
Solar radiation rating
Fair (3.9 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Migration

Net migration (county)
-19 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
1,961
Housing built before 1970
60.9%
Housing built 2000 or later
7.1%
Median annual property tax
$1,900
Households with broadband internet
76.6%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
3,127
Average weekly wage
$945
Top industries (by employment)
Agriculture, Wholesale Trade, Accommodation & Food
Annual residential building permits (county)
4

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

ZIP 50450State medianUS median
Median home value$172,009$211,043$288,527
Median sale price$167,500$220,000$325,000
Median days on market31 days48 days51 days
Median annual property tax$1,900$1,927$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in ZIP 50450?
$172,009.
What is the median sale price in ZIP 50450?
$167,500.
How long do homes take to sell in ZIP 50450?
Median days on market: 31 days.
What is typical rent in ZIP 50450?
2-bedroom fair-market rent: $927/month (HUD FMR — a 40th-percentile regulatory reference, not market-observed).
What is the natural-hazard risk in ZIP 50450?
Overall risk: Very Low (FEMA NRI, county-level). Top hazards: drought, coldWave, winterWeather.
What is the wildfire risk in ZIP 50450?
Risk to homes is higher than 8% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in ZIP 50450?
High radon potential — EPA Zone 1 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near ZIP 50450?
No current or proposed National Priorities List sites within 5 miles (EPA).
How many schools serve ZIP 50450?
3 schools (1 elementary, 1 middle, 1 high) (NCES, 2022-23).
What is the cost of living in ZIP 50450?
Regional Price Parity: 87.8 (100 = US average) (Low) (BEA RPP, metro/state-level).

Nearby ZIP codes

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Data last updated

Most recent source refresh: Oct 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents