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 | Ida County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $110,714 | $143,535 | $242,182 |
| Price Trend (Annual %) | 10.1% | 7.5% | 8.2% |
| Median Gross Rent | $668 | $948 | $1,342 |
| Rent Trend (Annual %) | 7.3% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Ida County is about 23% lower than in Iowa. Rent is about 30% 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 Ida County, up about 10.1% and 7.3% a year respectively. Home prices are changing faster.
Median rent in Ida County rose about 61.6% between 2015 and 2023, from $414 to $668. Over the same span, rent in Iowa rose about 36.3%.
Affordability
On average, housing unit costs 1.8 yearly household incomes in Ida County.
Buying the median-priced home in Ida County costs roughly 13.8 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 Ida County. The price-to-rent ratio in Iowa is about 12.6.
| Metric | Ida County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $110,714 | $143,535 | $242,182 |
| Median Household Income | $63,152 | $73,286 | $78,145 |
| Price-to-Income Ratio | 1.8 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Ida County rose about 121.4%, while median household income rose about 44.3% 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 | Ida County | Iowa Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.0% | 65.3% | 58.2% |
| Rental Rate | 20.0% | 26.0% | 31.3% |
| Vacancy Rate | 11.0% | 8.6% | 10.6% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Ida County has a homeownership rate of 69.0%, higher than the Iowa average of 65.3%. Its housing vacancy rate is 11.0%, compared with 8.6% in Iowa.
Housing Stock
| Metric | Ida County | Iowa Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.27 people | 2.37 people | 2.54 people |
| Median Structure Built Year | 1951 | 1970 | 1978 |
| Median Number of Rooms | 6.4 | 5.9 | 5.5 |
The typical housing unit in Ida County was built around 1951. On average, 2.3 people live in a home with about 6.4 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Ida County, Iowa.
What is the median home price in Ida County, Iowa?
The median home price in Ida County, Iowa is $110,714, lower than the Iowa average of $143,535.
What is the average home price in Ida 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 Ida County, Iowa?
The median gross rent in Ida County, Iowa is $668 per month, lower than the Iowa average of $948.
What was the median gross rent in Ida County in 2020?
In 2020, the median gross rent in Ida County, Iowa was $562 per month.
What is the price-to-rent ratio in Ida County, Iowa?
The price-to-rent ratio in Ida County, Iowa is about 13.8, meaning it would take roughly 13.8 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 Ida County.
Are home prices or rent rising faster in Ida County, Iowa?
Both home prices and rent are rising in Ida County, up about 10.1% and 7.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Ida County, Iowa?
69.0% of households in Ida County, Iowa own their home, higher than the Iowa average of 65.3%.
What is the vacancy rate in Ida County, Iowa?
The housing vacancy rate in Ida County, Iowa is 11.0%, higher than the Iowa average of 8.6%.