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 | Jasper County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $89,106 | $143,535 | $242,182 |
| Price Trend (Annual %) | -0.2% | 7.5% | 8.2% |
| Median Gross Rent | $822 | $948 | $1,342 |
| Rent Trend (Annual %) | 2.5% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Jasper County is about 38% 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
Home prices and rent are moving in opposite directions in Jasper County: home prices fell about 0.2% a year while rent rose about 2.5% a year. That is an unusual pattern worth watching.
Median rent in Jasper County rose about 20.1% between 2015 and 2023, from $684 to $822. Over the same span, rent in Iowa rose about 36.3%.
Affordability
On average, housing unit costs 1.3 yearly household incomes in Jasper County.
Buying the median-priced home in Jasper County costs roughly 9.0 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 Jasper County. The price-to-rent ratio in Iowa is about 12.6.
| Metric | Jasper County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $89,106 | $143,535 | $242,182 |
| Median Household Income | $70,488 | $73,286 | $78,145 |
| Price-to-Income Ratio | 1.3 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Jasper County fell about 9.7%, while median household income rose about 49.3% 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 | Jasper County | Iowa Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 68.1% | 65.3% | 58.2% |
| Rental Rate | 22.9% | 26.0% | 31.3% |
| Vacancy Rate | 9.0% | 8.6% | 10.6% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Jasper County has a homeownership rate of 68.1%, higher than the Iowa average of 65.3%. Its housing vacancy rate is 9.0%, compared with 8.6% in Iowa.
Housing Stock
| Metric | Jasper County | Iowa Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.44 people | 2.37 people | 2.54 people |
| Median Structure Built Year | 1971 | 1970 | 1978 |
| Median Number of Rooms | 6.0 | 5.9 | 5.5 |
The typical housing unit in Jasper County was built around 1971. On average, 2.4 people live in a home with about 6.0 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Jasper County, Iowa.
What is the median home price in Jasper County, Iowa?
The median home price in Jasper County, Iowa is $89,106, lower than the Iowa average of $143,535.
What is the average home price in Jasper 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 Jasper County, Iowa?
The median gross rent in Jasper County, Iowa is $822 per month, lower than the Iowa average of $948.
What was the median gross rent in Jasper County in 2020?
In 2020, the median gross rent in Jasper County, Iowa was $734 per month.
What is the price-to-rent ratio in Jasper County, Iowa?
The price-to-rent ratio in Jasper County, Iowa is about 9.0, meaning it would take roughly 9.0 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 Jasper County.
Are home prices or rent rising faster in Jasper County, Iowa?
Home prices and rent are moving in opposite directions in Jasper County: home prices fell about 0.2% a year while rent rose about 2.5% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Jasper County, Iowa?
68.1% of households in Jasper County, Iowa own their home, higher than the Iowa average of 65.3%.
What is the vacancy rate in Jasper County, Iowa?
The housing vacancy rate in Jasper County, Iowa is 9.0%, higher than the Iowa average of 8.6%.