52240 — Johnson County, Iowa Market Snapshot
Housing market data for zip code 52240 in Johnson County, Iowa. Updated monthly with median prices, days on market, and more.
Market Sales Data
91 sales in 2026 (year to date)
Median Sale Price
$298,000
Days to Sell
31
Homes Sold
91
Inventory
85
Sale-to-List
97.3%
New Listings
142
Price/SqFt
$174
Pending Sales
112
Conforming Loan Available
Most homebuyers in 52240 can comfortably use conventional financing. The median home price of $298,000 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
52240's market is balanced with homes taking an average of 31 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 52240 sells for 2.7% below asking price (97.3% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 52240 can comfortably use conventional financing. The median home price of $298,000 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 52240 are set at the county level.
2026 Loan Limits — Johnson 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 52240
To purchase the median home at $298,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,433.
Monthly Payment
$2,433
Income Required
$104,279
Principal & Interest
$1,836/mo
Down Payment (5%)
$14,900
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 52240.
Estimated Monthly Payment
$1,994
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