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 | Guthrie County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $82,143 | $143,535 | $242,182 |
| Price Trend (Annual %) | 4.2% | 7.5% | 8.2% |
| Median Gross Rent | $823 | $948 | $1,342 |
| Rent Trend (Annual %) | 4.5% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Guthrie County is about 43% lower than in Iowa. Rent is about 13% 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 Guthrie County, up about 4.2% and 4.5% a year respectively. Rent is changing faster.
Median rent in Guthrie County rose about 37.0% between 2015 and 2023, from $601 to $823. Over the same span, rent in Iowa rose about 36.3%.
Affordability
On average, housing unit costs 1.0 yearly household incomes in Guthrie County.
Buying the median-priced home in Guthrie County costs roughly 8.3 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 Guthrie County. The price-to-rent ratio in Iowa is about 12.6.
| Metric | Guthrie County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $82,143 | $143,535 | $242,182 |
| Median Household Income | $79,537 | $73,286 | $78,145 |
| Price-to-Income Ratio | 1.0 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Guthrie County fell about 8.5%, while median household income rose about 63.6% 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 | Guthrie County | Iowa Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.2% | 65.3% | 58.2% |
| Rental Rate | 13.1% | 26.0% | 31.3% |
| Vacancy Rate | 20.7% | 8.6% | 10.6% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Guthrie County has a homeownership rate of 66.2%, higher than the Iowa average of 65.3%. Its housing vacancy rate is 20.7%, compared with 8.6% in Iowa.
Housing Stock
| Metric | Guthrie County | Iowa Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.29 people | 2.37 people | 2.54 people |
| Median Structure Built Year | 1964 | 1970 | 1978 |
| Median Number of Rooms | 6.4 | 5.9 | 5.5 |
The typical housing unit in Guthrie County was built around 1964. 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 Guthrie County, Iowa.
What is the median home price in Guthrie County, Iowa?
The median home price in Guthrie County, Iowa is $82,143, lower than the Iowa average of $143,535.
What is the average home price in Guthrie 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 Guthrie County, Iowa?
The median gross rent in Guthrie County, Iowa is $823 per month, lower than the Iowa average of $948.
What was the median gross rent in Guthrie County in 2020?
In 2020, the median gross rent in Guthrie County, Iowa was $704 per month.
What is the price-to-rent ratio in Guthrie County, Iowa?
The price-to-rent ratio in Guthrie County, Iowa is about 8.3, meaning it would take roughly 8.3 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 Guthrie County.
Are home prices or rent rising faster in Guthrie County, Iowa?
Both home prices and rent are rising in Guthrie County, up about 4.2% and 4.5% a year respectively. Rent is changing faster.
What is the homeownership rate in Guthrie County, Iowa?
66.2% of households in Guthrie County, Iowa own their home, higher than the Iowa average of 65.3%.
What is the vacancy rate in Guthrie County, Iowa?
The housing vacancy rate in Guthrie County, Iowa is 20.7%, higher than the Iowa average of 8.6%.