Grundy County, Iowa Housing Market Prices
Grundy 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 50% below the Iowa median Cheaper than 72% of counties in Iowa$76,153
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Median rent 20% below the Iowa median Cheaper than 70% of counties in Iowa$773
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Grundy County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $76,153 | $153,425 | $248,835 |
| Price Trend (Annual %) | -0.8% | 7.5% | 7.5% |
| Median Gross Rent | $773 | $971 | $1,407 |
| Rent Trend (Annual %) | 2.5% | 3.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Grundy County is about 50% lower than in Iowa. Rent is about 20% 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 Grundy County: home prices fell about 0.8% a year while rent rose about 2.5% a year. That is an unusual pattern worth watching.
Median rent in Grundy County rose about 36.5% between 2015 and 2024, from $567 to $773. Over the same span, rent in Iowa rose about 39.6%.
Affordability
On average, housing unit costs 0.9 yearly household incomes in Grundy County.
Buying the median-priced home in Grundy County costs roughly 8.2 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 Grundy County. The price-to-rent ratio in Iowa is about 13.2.
| Metric | Grundy County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $76,153 | $153,425 | $248,835 |
| Median Household Income | $85,863 | $75,133 | $80,455 |
| Price-to-Income Ratio | 0.9 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Grundy County fell about 19.0%, while median household income rose about 47.3% 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 | Grundy County | Iowa Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 78.6% | 65.6% | 58.5% |
| Rental Rate | 14.4% | 25.9% | 31.2% |
| Vacancy Rate | 6.9% | 8.5% | 10.2% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Grundy County has a homeownership rate of 78.6%, higher than the Iowa average of 65.6%. Its housing vacancy rate is 6.9%, compared with 8.5% in Iowa.
Housing Stock
| Metric | Grundy County | Iowa Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.39 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1965 | 1971 | 1978 |
| Median Number of Rooms | 6.5 | 5.9 | 5.5 |
The typical housing unit in Grundy County was built around 1965. On average, 2.4 people live in a home with about 6.5 rooms, staying for about 17.0 years on average.
Grundy County, IA Housing Compared With Nearby Counties
Grundy County, IA is the smallest of the 5 counties compared here, 12,384 residents against a local median of 28,491. Nothing separates Grundy County, IA sharply from the counties around it. Each measure below lands within 15% of the local median, close enough that the differences are within what survey sampling alone would produce.
The largest of those small differences is homeownership, 14% above the local median at 84.5% against 74.3%. Grundy County, IA has the highest homeownership of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Grundy County, IA | 12,384 | $76,153 #4/5 | $773 #5/5 | 84.5% #1/5 |
| Tama County, IA | 16,868 | $85,999 | $871 | 76.0% |
| Marshall County, IA | 40,114 | $122,261 | $884 | 75.0% |
| Hardin County, IA | 16,639 | $75,416 | $794 | 73.6% |
| Black Hawk County, IA | 130,985 | $87,001 | $989 | 66.2% |
Frequently Asked Questions
Common questions about the housing market in Grundy County, Iowa.
What is the median home price in Grundy County, Iowa?
The median home price in Grundy County, Iowa is $76,153, lower than the Iowa average of $153,425.
What is the average home price in Grundy County, Iowa?
The typical home price in Grundy County, Iowa, reported as the median sale price, is $76,153. 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 Grundy County, Iowa?
The median gross rent in Grundy County, Iowa is $773 per month, lower than the Iowa average of $971.
What was the median gross rent in Grundy County in 2020?
In 2020, the median gross rent in Grundy County, Iowa was $697 per month.
What is the price-to-rent ratio in Grundy County, Iowa?
The price-to-rent ratio in Grundy County, Iowa is about 8.2, meaning it would take roughly 8.2 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 Grundy County.
Are home prices or rent rising faster in Grundy County, Iowa?
Home prices and rent are moving in opposite directions in Grundy County: home prices fell about 0.8% a year while rent rose about 2.5% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Grundy County, Iowa?
78.6% of households in Grundy County, Iowa own their home, higher than the Iowa average of 65.6%.
What is the vacancy rate in Grundy County, Iowa?
The housing vacancy rate in Grundy County, Iowa is 6.9%, lower than the Iowa average of 8.5%.
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