Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Audubon County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $8,249 | $143,535 | $242,182 |
| Price Trend (Annual %) | 24.7% | 7.5% | 8.2% |
| Median Gross Rent | $707 | $948 | $1,342 |
| Rent Trend (Annual %) | 4.2% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Audubon County is about 94% lower than in Iowa. Rent is about 25% lower than the Iowa average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Audubon County, up about 24.7% and 4.2% a year respectively. Home prices are changing faster.
Median rent in Audubon County rose about 29.5% between 2015 and 2023, from $546 to $707. Over the same span, rent in Iowa rose about 36.3%.
Affordability
On average, housing unit costs 0.2 yearly household incomes in Audubon County.
Buying the median-priced home in Audubon County costs roughly 1.0 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Audubon County. The price-to-rent ratio in Iowa is about 12.6.
| Metric | Audubon County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $8,249 | $143,535 | $242,182 |
| Median Household Income | $53,659 | $73,286 | $78,145 |
| Price-to-Income Ratio | 0.2 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Audubon County fell about 90.3%, while median household income rose about 29.1% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Audubon County | Iowa Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.3% | 65.3% | 58.2% |
| Rental Rate | 21.4% | 26.0% | 31.3% |
| Vacancy Rate | 9.4% | 8.6% | 10.6% |
| Median Tenure (years) | 19.0 | 15.0 | 15.0 |
| Median Year Moved In | 2007 | 2011 | 2011 |
Audubon County has a homeownership rate of 69.3%, higher than the Iowa average of 65.3%. Its housing vacancy rate is 9.4%, compared with 8.6% in Iowa.
Housing Stock
| Metric | Audubon County | Iowa Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.18 people | 2.37 people | 2.54 people |
| Median Structure Built Year | 1948 | 1970 | 1978 |
| Median Number of Rooms | 6.4 | 5.9 | 5.5 |
The typical housing unit in Audubon County was built around 1948. On average, 2.2 people live in a home with about 6.4 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Audubon County, Iowa.
What is the median home price in Audubon County, Iowa?
The median home price in Audubon County, Iowa is $8,249, lower than the Iowa average of $143,535.
What is the average home price in Audubon County, Iowa?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Audubon County, Iowa?
The median gross rent in Audubon County, Iowa is $707 per month, lower than the Iowa average of $948.
What was the median gross rent in Audubon County in 2020?
In 2020, the median gross rent in Audubon County, Iowa was $606 per month.
What is the price-to-rent ratio in Audubon County, Iowa?
The price-to-rent ratio in Audubon County, Iowa is about 1.0, meaning it would take roughly 1.0 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Audubon County.
Are home prices or rent rising faster in Audubon County, Iowa?
Both home prices and rent are rising in Audubon County, up about 24.7% and 4.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Audubon County, Iowa?
69.3% of households in Audubon County, Iowa own their home, higher than the Iowa average of 65.3%.
What is the vacancy rate in Audubon County, Iowa?
The housing vacancy rate in Audubon County, Iowa is 9.4%, higher than the Iowa average of 8.6%.