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 | Fremont County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $9,463 | $143,535 | $242,182 |
| Price Trend (Annual %) | -8.7% | 7.5% | 8.2% |
| Median Gross Rent | $753 | $948 | $1,342 |
| Rent Trend (Annual %) | 2.9% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Fremont County is about 93% lower than in Iowa. Rent is about 21% 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 Fremont County: home prices fell about 8.7% a year while rent rose about 2.9% a year. That is an unusual pattern worth watching.
Median rent in Fremont County rose about 23.9% between 2015 and 2023, from $608 to $753. Over the same span, rent in Iowa rose about 36.3%.
Affordability
On average, housing unit costs 0.1 yearly household incomes in Fremont County.
Buying the median-priced home in Fremont 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 Fremont County. The price-to-rent ratio in Iowa is about 12.6.
| Metric | Fremont County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $9,463 | $143,535 | $242,182 |
| Median Household Income | $73,999 | $73,286 | $78,145 |
| Price-to-Income Ratio | 0.1 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Fremont County fell about 81.5%, while median household income rose about 63.8% 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 | Fremont County | Iowa Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 71.2% | 65.3% | 58.2% |
| Rental Rate | 17.0% | 26.0% | 31.3% |
| Vacancy Rate | 11.8% | 8.6% | 10.6% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Fremont County has a homeownership rate of 71.2%, higher than the Iowa average of 65.3%. Its housing vacancy rate is 11.8%, compared with 8.6% in Iowa.
Housing Stock
| Metric | Fremont County | Iowa Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.35 people | 2.37 people | 2.54 people |
| Median Structure Built Year | 1957 | 1970 | 1978 |
| Median Number of Rooms | 6.4 | 5.9 | 5.5 |
The typical housing unit in Fremont County was built around 1957. On average, 2.3 people live in a home with about 6.4 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Fremont County, Iowa.
What is the median home price in Fremont County, Iowa?
The median home price in Fremont County, Iowa is $9,463, lower than the Iowa average of $143,535.
What is the average home price in Fremont 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 Fremont County, Iowa?
The median gross rent in Fremont County, Iowa is $753 per month, lower than the Iowa average of $948.
What was the median gross rent in Fremont County in 2020?
In 2020, the median gross rent in Fremont County, Iowa was $640 per month.
What is the price-to-rent ratio in Fremont County, Iowa?
The price-to-rent ratio in Fremont 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 Fremont County.
Are home prices or rent rising faster in Fremont County, Iowa?
Home prices and rent are moving in opposite directions in Fremont County: home prices fell about 8.7% a year while rent rose about 2.9% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Fremont County, Iowa?
71.2% of households in Fremont County, Iowa own their home, higher than the Iowa average of 65.3%.
What is the vacancy rate in Fremont County, Iowa?
The housing vacancy rate in Fremont County, Iowa is 11.8%, higher than the Iowa average of 8.6%.