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 | Jones County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $156,696 | $143,535 | $242,182 |
| Price Trend (Annual %) | 15.5% | 7.5% | 8.2% |
| Median Gross Rent | $759 | $948 | $1,342 |
| Rent Trend (Annual %) | 3.1% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Jones County is about 9% higher than in Iowa. Rent is about 20% 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 Jones County, up about 15.5% and 3.1% a year respectively. Home prices are changing faster.
Median rent in Jones County rose about 27.0% between 2015 and 2023, from $598 to $759. Over the same span, rent in Iowa rose about 36.3%.
Affordability
On average, housing unit costs 2.1 yearly household incomes in Jones County.
Buying the median-priced home in Jones County costs roughly 17.2 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Jones County. The price-to-rent ratio in Iowa is about 12.6.
| Metric | Jones County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $156,696 | $143,535 | $242,182 |
| Median Household Income | $73,793 | $73,286 | $78,145 |
| Price-to-Income Ratio | 2.1 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Jones County rose about 89.3%, while median household income rose about 58.2% 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 | Jones County | Iowa Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 73.7% | 65.3% | 58.2% |
| Rental Rate | 17.6% | 26.0% | 31.3% |
| Vacancy Rate | 8.7% | 8.6% | 10.6% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Jones County has a homeownership rate of 73.7%, higher than the Iowa average of 65.3%. Its housing vacancy rate is 8.7%, compared with 8.6% in Iowa.
Housing Stock
| Metric | Jones County | Iowa Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.42 people | 2.37 people | 2.54 people |
| Median Structure Built Year | 1968 | 1970 | 1978 |
| Median Number of Rooms | 6.6 | 5.9 | 5.5 |
The typical housing unit in Jones County was built around 1968. On average, 2.4 people live in a home with about 6.6 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Jones County, Iowa.
What is the median home price in Jones County, Iowa?
The median home price in Jones County, Iowa is $156,696, higher than the Iowa average of $143,535.
What is the average home price in Jones 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 Jones County, Iowa?
The median gross rent in Jones County, Iowa is $759 per month, lower than the Iowa average of $948.
What was the median gross rent in Jones County in 2020?
In 2020, the median gross rent in Jones County, Iowa was $659 per month.
What is the price-to-rent ratio in Jones County, Iowa?
The price-to-rent ratio in Jones County, Iowa is about 17.2, meaning it would take roughly 17.2 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Jones County.
Are home prices or rent rising faster in Jones County, Iowa?
Both home prices and rent are rising in Jones County, up about 15.5% and 3.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Jones County, Iowa?
73.7% of households in Jones County, Iowa own their home, higher than the Iowa average of 65.3%.
What is the vacancy rate in Jones County, Iowa?
The housing vacancy rate in Jones County, Iowa is 8.7%, higher than the Iowa average of 8.6%.