50428 — Cerro Gordo County, Iowa Market Snapshot
Housing market data for zip code 50428 in Cerro Gordo County, Iowa. Updated monthly with median prices, days on market, and more.
Market Sales Data
28 sales in 2026 (year to date)
Median Sale Price
$312,000
Days to Sell
60
Homes Sold
28
Inventory
69
Sale-to-List
96.0%
New Listings
64
Price/SqFt
$185
Pending Sales
41
Conforming Loan Available
Most homebuyers in 50428 can comfortably use conventional financing. The median home price of $312,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
With homes sitting for 60 days on average, 50428 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
The average home in 50428 sells for 4.0% below asking price (96.0% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 50428 can comfortably use conventional financing. The median home price of $312,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 50428 are set at the county level.
2026 Loan Limits — Cerro Gordo County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 50428
To purchase the median home at $312,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,540.
Monthly Payment
$2,540
Income Required
$108,876
Principal & Interest
$1,922/mo
Down Payment (5%)
$15,600
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 50428.
Estimated Monthly Payment
$2,081
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