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 | Humboldt County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $56,110 | $143,535 | $242,182 |
| Price Trend (Annual %) | 22.2% | 7.5% | 8.2% |
| Median Gross Rent | $730 | $948 | $1,342 |
| Rent Trend (Annual %) | 2.5% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Humboldt County is about 61% lower than in Iowa. Rent is about 23% 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 Humboldt County, up about 22.2% and 2.5% a year respectively. Home prices are changing faster.
Median rent in Humboldt County rose about 26.9% between 2015 and 2023, from $575 to $730. Over the same span, rent in Iowa rose about 36.3%.
Affordability
On average, housing unit costs 0.8 yearly household incomes in Humboldt County.
Buying the median-priced home in Humboldt County costs roughly 6.4 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 Humboldt County. The price-to-rent ratio in Iowa is about 12.6.
| Metric | Humboldt County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $56,110 | $143,535 | $242,182 |
| Median Household Income | $66,200 | $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 Humboldt County rose about 126.3%, while median household income rose about 42.9% between 2009 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 | Humboldt County | Iowa Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.1% | 65.3% | 58.2% |
| Rental Rate | 23.0% | 26.0% | 31.3% |
| Vacancy Rate | 7.9% | 8.6% | 10.6% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Humboldt County has a homeownership rate of 69.1%, higher than the Iowa average of 65.3%. Its housing vacancy rate is 7.9%, compared with 8.6% in Iowa.
Housing Stock
| Metric | Humboldt County | Iowa Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.23 people | 2.37 people | 2.54 people |
| Median Structure Built Year | 1955 | 1970 | 1978 |
| Median Number of Rooms | 6.2 | 5.9 | 5.5 |
The typical housing unit in Humboldt County was built around 1955. On average, 2.2 people live in a home with about 6.2 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Humboldt County, Iowa.
What is the median home price in Humboldt County, Iowa?
The median home price in Humboldt County, Iowa is $56,111, lower than the Iowa average of $143,535.
What is the average home price in Humboldt 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 Humboldt County, Iowa?
The median gross rent in Humboldt County, Iowa is $730 per month, lower than the Iowa average of $948.
What was the median gross rent in Humboldt County in 2020?
In 2020, the median gross rent in Humboldt County, Iowa was $585 per month.
What is the price-to-rent ratio in Humboldt County, Iowa?
The price-to-rent ratio in Humboldt County, Iowa is about 6.4, meaning it would take roughly 6.4 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 Humboldt County.
Are home prices or rent rising faster in Humboldt County, Iowa?
Both home prices and rent are rising in Humboldt County, up about 22.2% and 2.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Humboldt County, Iowa?
69.1% of households in Humboldt County, Iowa own their home, higher than the Iowa average of 65.3%.
What is the vacancy rate in Humboldt County, Iowa?
The housing vacancy rate in Humboldt County, Iowa is 7.9%, lower than the Iowa average of 8.6%.