Cerro Gordo County, Iowa Housing Market Prices
Cerro Gordo County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 62% below the Iowa median Cheaper than 79% of counties in Iowa$57,820
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Median rent 13% below the Iowa median$849
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Cerro Gordo County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $57,820 | $153,425 | $248,835 |
| Price Trend (Annual %) | -2.5% | 7.5% | 7.5% |
| Median Gross Rent | $849 | $971 | $1,407 |
| Rent Trend (Annual %) | 3.5% | 3.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Cerro Gordo County is about 62% lower than in Iowa. Rent is about 13% lower than the Iowa average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Cerro Gordo County: home prices fell about 2.5% a year while rent rose about 3.5% a year. That is an unusual pattern worth watching.
Median rent in Cerro Gordo County rose about 37.8% between 2015 and 2024, from $617 to $849. Over the same span, rent in Iowa rose about 39.6%.
Affordability
On average, housing unit costs 0.8 yearly household incomes in Cerro Gordo County.
Buying the median-priced home in Cerro Gordo County costs roughly 5.7 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 Cerro Gordo County. The price-to-rent ratio in Iowa is about 13.2.
| Metric | Cerro Gordo County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $57,820 | $153,425 | $248,835 |
| Median Household Income | $68,649 | $75,133 | $80,455 |
| Price-to-Income Ratio | 0.8 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Cerro Gordo County fell about 27.7%, while median household income rose about 45.3% between 2009 and 2025 — 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 | Cerro Gordo County | Iowa Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.3% | 65.6% | 58.5% |
| Rental Rate | 25.4% | 25.9% | 31.2% |
| Vacancy Rate | 14.3% | 8.5% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Cerro Gordo County has a homeownership rate of 60.3%, lower than the Iowa average of 65.6%. Its housing vacancy rate is 14.3%, compared with 8.5% in Iowa.
Housing Stock
| Metric | Cerro Gordo County | Iowa Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.12 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1961 | 1971 | 1978 |
| Median Number of Rooms | 5.8 | 5.9 | 5.5 |
The typical housing unit in Cerro Gordo County was built around 1961. On average, 2.1 people live in a home with about 5.8 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Cerro Gordo County, Iowa.
What is the median home price in Cerro Gordo County, Iowa?
The median home price in Cerro Gordo County, Iowa is $57,820, lower than the Iowa average of $153,425.
What is the average home price in Cerro Gordo County, Iowa?
The typical home price in Cerro Gordo County, Iowa, reported as the median sale price, is $57,820. 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 Cerro Gordo County, Iowa?
The median gross rent in Cerro Gordo County, Iowa is $849 per month, lower than the Iowa average of $971.
What was the median gross rent in Cerro Gordo County in 2020?
In 2020, the median gross rent in Cerro Gordo County, Iowa was $711 per month.
What is the price-to-rent ratio in Cerro Gordo County, Iowa?
The price-to-rent ratio in Cerro Gordo County, Iowa is about 5.7, meaning it would take roughly 5.7 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 Cerro Gordo County.
Are home prices or rent rising faster in Cerro Gordo County, Iowa?
Home prices and rent are moving in opposite directions in Cerro Gordo County: home prices fell about 2.5% a year while rent rose about 3.5% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Cerro Gordo County, Iowa?
60.3% of households in Cerro Gordo County, Iowa own their home, lower than the Iowa average of 65.6%.
What is the vacancy rate in Cerro Gordo County, Iowa?
The housing vacancy rate in Cerro Gordo County, Iowa is 14.3%, higher than the Iowa average of 8.5%.
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