52240 — Iowa City, IA Home Values
Typical home value $282,916 as of June 2026 · 12th of 23 in Iowa City, IA
Blue: typical home value (Zillow ZHVI) in ZIP code 52240, June 2021 to June 2026. This page shows observed data only; no forecast.
How 52240 compares in the Iowa City, IA area
ZIP code 52240 (Iowa City, IA) has a typical home value of $282,916 as of June 2026, ranking 12th of 23 ZIP codes tracked in the Iowa City, IA area, more expensive than about 52% of ZIP codes in the metro. Prices here have moved +3.8% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +23.3%, from $229,421 in June 2021 to $282,916 in June 2026. Against observed rent, the typical home here sells for 19.1× the annual rent ($1,234/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Iowa City, IA forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Iowa City.
Population and demographics
ZIP code 52240 has a population of 36,046, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 73.4% White, 8.8% Hispanic or Latino, 8.6% Black or African American, 5.8% Asian, 3.1% two or more races, 0.2% another race, and 0.1% American Indian or Alaska Native.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Grant Wood Elementary School | 1930 Lakeside Dr, Iowa City, IA | 0.5 mi |
| Alexander Elementary | 3571 Sycamore St., Iowa City, IA | 1 mi |
| Elizabeth Tate Alt. High School | 1528 Mall Drive, Iowa City, IA | 1 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 52240?
$282,916 as of June 2026, the latest month Zillow has published observed data for.
Is 52240 an expensive ZIP code in the Iowa City, IA area?
52240 ranks 12th of 23 ZIP codes in the Iowa City, IA area by typical home value, more expensive than about 52% of ZIP codes in the metro.
How much have home values in 52240 changed over the past year?
+3.8% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 52240?
The typical home price is 19.1× the observed annual rent in this ZIP code ($1,234/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 52240?
36,046, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 52240?
Grant Wood Elementary School (0.5 mi), Alexander Elementary (1 mi), Elizabeth Tate Alt. High School (1 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 52240?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Iowa City, IA forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.