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 | Dickinson County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $337,500 | $143,535 | $242,182 |
| Price Trend (Annual %) | 20.1% | 7.5% | 8.2% |
| Median Gross Rent | $930 | $948 | $1,342 |
| Rent Trend (Annual %) | 5.0% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Dickinson County is about 135% higher than in Iowa. Rent is about 2% 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 Dickinson County, up about 20.1% and 5.0% a year respectively. Home prices are changing faster.
Median rent in Dickinson County rose about 44.8% between 2015 and 2023, from $642 to $930. Over the same span, rent in Iowa rose about 36.3%.
Affordability
On average, housing unit costs 4.5 yearly household incomes in Dickinson County.
Buying the median-priced home in Dickinson County costs roughly 30.2 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Dickinson County. The price-to-rent ratio in Iowa is about 12.6.
| Metric | Dickinson County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $337,500 | $143,535 | $242,182 |
| Median Household Income | $74,383 | $73,286 | $78,145 |
| Price-to-Income Ratio | 4.5 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Dickinson County rose about 106.5%, while median household income rose about 48.3% between 2010 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 | Dickinson County | Iowa Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 47.2% | 65.3% | 58.2% |
| Rental Rate | 14.4% | 26.0% | 31.3% |
| Vacancy Rate | 38.5% | 8.6% | 10.6% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Dickinson County has a homeownership rate of 47.2%, lower than the Iowa average of 65.3%. Its housing vacancy rate is 38.5%, compared with 8.6% in Iowa.
Housing Stock
| Metric | Dickinson County | Iowa Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.03 people | 2.37 people | 2.54 people |
| Median Structure Built Year | 1976 | 1970 | 1978 |
| Median Number of Rooms | 5.8 | 5.9 | 5.5 |
The typical housing unit in Dickinson County was built around 1976. On average, 2.0 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 Dickinson County, Iowa.
What is the median home price in Dickinson County, Iowa?
The median home price in Dickinson County, Iowa is $337,500, higher than the Iowa average of $143,535.
What is the average home price in Dickinson 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 Dickinson County, Iowa?
The median gross rent in Dickinson County, Iowa is $930 per month, lower than the Iowa average of $948.
What was the median gross rent in Dickinson County in 2020?
In 2020, the median gross rent in Dickinson County, Iowa was $833 per month.
What is the price-to-rent ratio in Dickinson County, Iowa?
The price-to-rent ratio in Dickinson County, Iowa is about 30.2, meaning it would take roughly 30.2 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Dickinson County.
Are home prices or rent rising faster in Dickinson County, Iowa?
Both home prices and rent are rising in Dickinson County, up about 20.1% and 5.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Dickinson County, Iowa?
47.2% of households in Dickinson County, Iowa own their home, lower than the Iowa average of 65.3%.
What is the vacancy rate in Dickinson County, Iowa?
The housing vacancy rate in Dickinson County, Iowa is 38.5%, higher than the Iowa average of 8.6%.