Lucas Farms, Iowa City, IA
Lucas Farms — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Lucas Farms, Iowa City, Iowa. Explore the cited sources and local facts below while agent underwriting continues.
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Lucas Farms Neighborhood Overview
Lucas Farms is a residential neighborhood located in the southern part of Iowa City, Iowa. It offers a suburban atmosphere with convenient access to the city's amenities and services. The community is characterized by a mix of single-family homes and rental properties, appealing to a diverse range of residents.
Lifestyle & Amenities
Residents enjoy a quiet, family-friendly environment with nearby parks and green spaces for recreation. The neighborhood provides easy access to Iowa City's shopping centers, restaurants, and entertainment options. Its location balances suburban tranquility with the cultural and practical benefits of a larger city.
Real Estate Market
The real estate market in Lucas Farms is active, with a median home value of $226,300 and a median monthly rent of $1,080. Homes sell extremely quickly, averaging just one day on the market, indicating high demand. The homeownership rate in the area is approximately 50%.
Schools & Education
Families in Lucas Farms are served by the Iowa City Community School District, which is known for its strong academic programs. The neighborhood's proximity to the University of Iowa also provides unique educational and cultural resources. Specific school assignments depend on the exact location within the area.
Transportation & Connectivity
The neighborhood is well-connected by major roads, providing straightforward commutes to downtown Iowa City, the University of Iowa campus, and nearby Coralville. Public transportation options are available through the local bus system. Its layout is generally car-dependent, but bike lanes and sidewalks serve many areas.
Why Choose Lucas Farms
Lucas Farms is an excellent choice for those seeking an affordable, fast-moving housing market within Iowa City. The blend of homeowners and renters, along with a median household income of $52,727, creates a socioeconomically diverse community. Its combination of suburban living, quick access to city life, and strong local demand makes it a compelling neighborhood.
Lucas Farms Market Data
| Metric | Value |
|---|---|
| Median Home Price | $226K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $53K |
| Homeownership Rate | 50.3% |
| Renter-Occupied | 49.7% |
| Rental Vacancy Rate | 6.1% |
| Market Type | Balanced |
| Market Tier | Mid-Market |
| Primary ZIP Code | 52240 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 87,047 |
| VA Loan Originations | 3,592 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $245K |
| Conventional Loan Originations | 77,690 |
| FHA Loan Originations | 5,765 |
Top Real Estate Agents in Lucas Farms, Iowa City
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Lucas Farms, Iowa City, IA. Explore the available cited neighborhood data on this page.
Agent selection follows our published merit criteria. Do not infer or fabricate agent names.
Data Provenance
- State Licensing: Iowa Real Estate Commission — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-12