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 | Calhoun County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $114,285 | $143,535 | $242,182 |
| Price Trend (Annual %) | 5.1% | 7.5% | 8.2% |
| Median Gross Rent | $689 | $948 | $1,342 |
| Rent Trend (Annual %) | 4.2% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Calhoun County is about 20% lower than in Iowa. Rent is about 27% 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 Calhoun County, up about 5.1% and 4.2% a year respectively. Home prices are changing faster.
Median rent in Calhoun County rose about 33.3% between 2015 and 2023, from $517 to $689. Over the same span, rent in Iowa rose about 36.3%.
Affordability
On average, housing unit costs 1.7 yearly household incomes in Calhoun County.
Buying the median-priced home in Calhoun County costs roughly 13.8 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 Calhoun County. The price-to-rent ratio in Iowa is about 12.6.
| Metric | Calhoun County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $114,285 | $143,535 | $242,182 |
| Median Household Income | $66,252 | $73,286 | $78,145 |
| Price-to-Income Ratio | 1.7 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Calhoun County rose about 132.9%, while median household income rose about 65.2% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Calhoun County | Iowa Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.6% | 65.3% | 58.2% |
| Rental Rate | 15.5% | 26.0% | 31.3% |
| Vacancy Rate | 18.9% | 8.6% | 10.6% |
| Median Tenure (years) | 20.0 | 15.0 | 15.0 |
| Median Year Moved In | 2006 | 2011 | 2011 |
Calhoun County has a homeownership rate of 65.6%, about the same as the Iowa average of 65.3%. Its housing vacancy rate is 18.9%, compared with 8.6% in Iowa.
Housing Stock
| Metric | Calhoun County | Iowa Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.35 people | 2.37 people | 2.54 people |
| Median Structure Built Year | 1952 | 1970 | 1978 |
| Median Number of Rooms | 6.4 | 5.9 | 5.5 |
The typical housing unit in Calhoun County was built around 1952. On average, 2.4 people live in a home with about 6.4 rooms, staying for about 20.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Calhoun County, Iowa.
What is the median home price in Calhoun County, Iowa?
The median home price in Calhoun County, Iowa is $114,285, lower than the Iowa average of $143,535.
What is the average home price in Calhoun 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 Calhoun County, Iowa?
The median gross rent in Calhoun County, Iowa is $689 per month, lower than the Iowa average of $948.
What was the median gross rent in Calhoun County in 2020?
In 2020, the median gross rent in Calhoun County, Iowa was $591 per month.
What is the price-to-rent ratio in Calhoun County, Iowa?
The price-to-rent ratio in Calhoun County, Iowa is about 13.8, meaning it would take roughly 13.8 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 Calhoun County.
Are home prices or rent rising faster in Calhoun County, Iowa?
Both home prices and rent are rising in Calhoun County, up about 5.1% and 4.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Calhoun County, Iowa?
65.6% of households in Calhoun County, Iowa own their home, about the same as the Iowa average.
What is the vacancy rate in Calhoun County, Iowa?
The housing vacancy rate in Calhoun County, Iowa is 18.9%, higher than the Iowa average of 8.6%.