Slater, IA housing market
The typical Slater home is worth about $297,000, up 2.8% in a year, 24% above the Iowa typical home.
Home values, sales, trends and how Slater compares with the towns next door — updated as new data is published.
Slater at a glance
Only 1 sale in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Slater | Iowa |
|---|---|---|
| 2017 | $184,000 | $147,000 |
| 2018 | $190,000 | $152,000 |
| 2019 | $195,000 | $159,000 |
| 2020 | $206,000 | $167,000 |
| 2021 | $220,000 | $179,000 |
| 2022 | $246,000 | $195,000 |
| 2023 | $260,000 | $211,000 |
| 2024 | $276,000 | $218,000 |
| 2025 | $288,000 | $228,000 |
| 2026 | $292,000 | $236,000 |
| August 2026 | $297,000 | $240,000 |
7 new homes permitted in 2025
Builders were permitted 7 new homes in Slater in 2025, all single-family houses, worth about $2.9 million to build. That's 5 per 1,000 residents, about the pace of Iowa as a whole. Over the past 10 years, Slater has permitted 54 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Slater gained 54 residents while 28 new homes were permitted: about 1.9 new residents per new home. Building and growth moved roughly in step. Across Iowa: 1.3 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 6 | 6 | 0 | $2.3 million |
| 2025 | 7 | 7 | 0 | $2.9 million |
| 2024 | 8 | 8 | 0 | $2.4 million |
| 2023 | 5 | 5 | 0 | $2.3 million |
| 2022 | 5 | 5 | 0 | $1.5 million |
| 2021 | 12 | 12 | 0 | $3.6 million |
| 2020 | 7 | 7 | 0 | $1.6 million |
| 2019 | 6 | 6 | 0 | $1.3 million |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 4 | 4 | 0 | $900,000 |
| 2015 | 2 | 2 | 0 | $500,000 |
| 2014 | 2 | 2 | 0 | $465,000 |
| 2013 | 6 | 6 | 0 | $1.2 million |
| 2012 | 6 | 6 | 0 | $1.4 million |
| 2011 | 1 | 1 | 0 | $200,000 |
| 2010 | 1 | 1 | 0 | $200,000 |
| 2009 | 3 | 3 | 0 | $610,000 |
| 2008 | 3 | 3 | 0 | $610,000 |
| 2007 | 2 | 2 | 0 | $316,000 |
| 2006 | 5 | 5 | 0 | $900,000 |
| 2005 | 11 | 11 | 0 | $2.3 million |
| 2004 | 4 | 4 | 0 | $607,000 |
| 2003 | 13 | 13 | 0 | $2.3 million |
| 2002 | 12 | 10 | 2 | $1.9 million |
| 2001 | 10 | 8 | 2 | $1.2 million |
| 2000 | 11 | 9 | 2 | $1.5 million |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
3 years of income
The typical Slater home costs about 3 years of the town's median household income, about the same as across Iowa (3.2).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $980
HUD's Fair Market Rent for a two-bedroom in Slater is $980 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Slater pay a median of $895. A two-bedroom takes about 12% of the town's median household income.
Studio $820 · 4 bedrooms $1,600
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (50244; Ames, IA HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.