Affordable 3/2 c.1890 Iowa Home For Sale on 0.75 Acre $55K

OHU50K Notes $55,000

Affordable 3/2 c.1890 Iowa Home For Sale on 0.75 Acre. Great home with some updates already done and some updates to be done. In a nice country small town setting.

Lawn featured at 301 W 7th St, Pomeroy, IA, 50575

Realtor Comments

If space and potential are on your wish list, this in~town property deserves a look!! Situated on a generous 3\4~acre lot, this 3~bedroom, 1 3\4~bath home offers room to spread out while keeping the convenience of town living. The low~maintenance exterior features vinyl siding and a metal roof, while the deck provides a natural extension of the living space and overlooks the expansive yard. Inside, the main floor features a large kitchen, dining room with a view toward the deck, full bathroom, and convenient main~floor laundry. The living room offers newer flooring and plenty of room to create a comfortable gathering space. Head upstairs to find three bedrooms and a 3\4 bathroom, which provides a nice separation between the main living areas and bedrooms. And don`t overlook the detached three~stall garage\workshop!! With divided stalls, there`s room for vehicles, storage, hobbies, workshop space, or whatever fits your needs. The interior is ready for a little TLC and updating, making this a great opportunity to bring your own style and ideas to the space. With its exceptionally large in~town lot, useful outbuilding, low~maintenance exterior, and flexible layout, this property offers plenty of room to make it your own-both inside and out..

3 beds
2 bath
1,358 sqft
0.79 acre lot
Build date 1890

Living Room featured at 301 W 7th St, Pomeroy, IA, 50575

If interested in a property, pleases contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended.

301 W 7th St, Pomeroy, IA 50575 $55,000

Contact Realtor: Katie Halligan
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Living Room featured at 301 W 7th St, Pomeroy, IA, 50575

Kitchen featured at 301 W 7th St, Pomeroy, IA, 50575

Oven featured at 301 W 7th St, Pomeroy, IA, 50575

Pros of Pomeroy, IA

Incredibly Affordable Housing: Real estate is remarkably cheap. The typical median property value sits around $70,200, with Redfin reporting recent median sale prices as low as $44,000. It is an exceptionally low-barrier market for buyers.
Rock-Bottom Cost of Living: Overall day-to-day living expenses are vastly lower than the national average. Housing, utilities, and general transportation costs remain minimal, making it highly attractive for remote workers or retirees on fixed incomes.
Resilient Community Spirit: Despite its size, Pomeroy boasts a close-knit community infrastructure. It features local hubs like the community-funded CO-OP Bar & Grill, the Pomeroy Campground, and the Gordon Prange City Park.
High Homeownership & Stability: Approximately 84.5% of residents own their homes. This exceptionally high homeownership rate creates a stable neighborhood footprint where people plant deep roots.
Quiet, Safe Country Living: Traffic, noise pollution, and major urban congestion are entirely nonexistent. The average commute is a seamless, open-road drive.

Cons of Pomeroy, IA

Economic and Population Decline: Pomeroy’s population has been steadily shrinking by about 1% annually, losing roughly 5.5% of its residents since 2020. Agricultural consolidation has eliminated many traditional secondary and tertiary jobs in the immediate area.
Severe Shortage of Commercial Amenities: Over the decades, Pomeroy has lost its high school, car dealership, and local grocery stores. Residents must travel outside town lines to neighboring communities for basic everyday essentials, diverse dining, or major healthcare systems.
Aging Housing Stock: Most of the available real estate in the area consists of homes built before 1970. Buyers should expect older structural layouts and the strong possibility of deferred maintenance or updating costs.
Harsh Midwestern Weather & Isolation: Winters in northwest Iowa are brutal, involving freezing temperatures, high winds, and heavy snow. Coupled with its geographic isolation, winter storms can leave residents feeling quite cut off.

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