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 | Chickasaw County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $57,646 | $143,535 | $242,182 |
| Price Trend (Annual %) | -3.6% | 7.5% | 8.2% |
| Median Gross Rent | $778 | $948 | $1,342 |
| Rent Trend (Annual %) | 5.5% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Chickasaw County is about 60% lower than in Iowa. Rent is about 18% lower than the Iowa average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Chickasaw County: home prices fell about 3.6% a year while rent rose about 5.5% a year. That is an unusual pattern worth watching.
Median rent in Chickasaw County rose about 40.0% between 2015 and 2023, from $556 to $778. Over the same span, rent in Iowa rose about 36.3%.
Affordability
On average, housing unit costs 0.8 yearly household incomes in Chickasaw County.
Buying the median-priced home in Chickasaw County costs roughly 6.2 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 Chickasaw County. The price-to-rent ratio in Iowa is about 12.6.
| Metric | Chickasaw County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $57,646 | $143,535 | $242,182 |
| Median Household Income | $73,034 | $73,286 | $78,145 |
| Price-to-Income Ratio | 0.8 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Chickasaw County fell about 6.8%, while median household income rose about 80.6% 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 | Chickasaw County | Iowa Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 73.2% | 65.3% | 58.2% |
| Rental Rate | 16.7% | 26.0% | 31.3% |
| Vacancy Rate | 10.1% | 8.6% | 10.6% |
| Median Tenure (years) | 20.0 | 15.0 | 15.0 |
| Median Year Moved In | 2006 | 2011 | 2011 |
Chickasaw County has a homeownership rate of 73.2%, higher than the Iowa average of 65.3%. Its housing vacancy rate is 10.1%, compared with 8.6% in Iowa.
Housing Stock
| Metric | Chickasaw County | Iowa Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.35 people | 2.37 people | 2.54 people |
| Median Structure Built Year | 1965 | 1970 | 1978 |
| Median Number of Rooms | 6.3 | 5.9 | 5.5 |
The typical housing unit in Chickasaw County was built around 1965. On average, 2.3 people live in a home with about 6.3 rooms, staying for about 20.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Chickasaw County, Iowa.
What is the median home price in Chickasaw County, Iowa?
The median home price in Chickasaw County, Iowa is $57,646, lower than the Iowa average of $143,535.
What is the average home price in Chickasaw 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 Chickasaw County, Iowa?
The median gross rent in Chickasaw County, Iowa is $778 per month, lower than the Iowa average of $948.
What was the median gross rent in Chickasaw County in 2020?
In 2020, the median gross rent in Chickasaw County, Iowa was $637 per month.
What is the price-to-rent ratio in Chickasaw County, Iowa?
The price-to-rent ratio in Chickasaw County, Iowa is about 6.2, meaning it would take roughly 6.2 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 Chickasaw County.
Are home prices or rent rising faster in Chickasaw County, Iowa?
Home prices and rent are moving in opposite directions in Chickasaw County: home prices fell about 3.6% a year while rent rose about 5.5% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Chickasaw County, Iowa?
73.2% of households in Chickasaw County, Iowa own their home, higher than the Iowa average of 65.3%.
What is the vacancy rate in Chickasaw County, Iowa?
The housing vacancy rate in Chickasaw County, Iowa is 10.1%, higher than the Iowa average of 8.6%.