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 | Kossuth County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $39,642 | $143,535 | $242,182 |
| Price Trend (Annual %) | 6.5% | 7.5% | 8.2% |
| Median Gross Rent | $859 | $948 | $1,342 |
| Rent Trend (Annual %) | 4.9% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Kossuth County is about 72% lower than in Iowa. Rent is about 9% 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 Kossuth County, up about 6.5% and 4.9% a year respectively. Home prices are changing faster.
Median rent in Kossuth County rose about 48.5% between 2015 and 2023, from $578 to $859. Over the same span, rent in Iowa rose about 36.3%.
Affordability
On average, housing unit costs 0.6 yearly household incomes in Kossuth County.
Buying the median-priced home in Kossuth County costs roughly 3.8 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 Kossuth County. The price-to-rent ratio in Iowa is about 12.6.
| Metric | Kossuth County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $39,642 | $143,535 | $242,182 |
| Median Household Income | $65,156 | $73,286 | $78,145 |
| Price-to-Income Ratio | 0.6 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Kossuth County fell about 30.2%, while median household income rose about 42.3% 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 | Kossuth County | Iowa Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.9% | 65.3% | 58.2% |
| Rental Rate | 22.2% | 26.0% | 31.3% |
| Vacancy Rate | 9.9% | 8.6% | 10.6% |
| Median Tenure (years) | 19.0 | 15.0 | 15.0 |
| Median Year Moved In | 2007 | 2011 | 2011 |
Kossuth County has a homeownership rate of 67.9%, higher than the Iowa average of 65.3%. Its housing vacancy rate is 9.9%, compared with 8.6% in Iowa.
Housing Stock
| Metric | Kossuth County | Iowa Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.20 people | 2.37 people | 2.54 people |
| Median Structure Built Year | 1961 | 1970 | 1978 |
| Median Number of Rooms | 6.5 | 5.9 | 5.5 |
The typical housing unit in Kossuth County was built around 1961. On average, 2.2 people live in a home with about 6.5 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Kossuth County, Iowa.
What is the median home price in Kossuth County, Iowa?
The median home price in Kossuth County, Iowa is $39,642, lower than the Iowa average of $143,535.
What is the average home price in Kossuth 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 Kossuth County, Iowa?
The median gross rent in Kossuth County, Iowa is $859 per month, lower than the Iowa average of $948.
What was the median gross rent in Kossuth County in 2020?
In 2020, the median gross rent in Kossuth County, Iowa was $710 per month.
What is the price-to-rent ratio in Kossuth County, Iowa?
The price-to-rent ratio in Kossuth County, Iowa is about 3.8, meaning it would take roughly 3.8 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 Kossuth County.
Are home prices or rent rising faster in Kossuth County, Iowa?
Both home prices and rent are rising in Kossuth County, up about 6.5% and 4.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Kossuth County, Iowa?
67.9% of households in Kossuth County, Iowa own their home, higher than the Iowa average of 65.3%.
What is the vacancy rate in Kossuth County, Iowa?
The housing vacancy rate in Kossuth County, Iowa is 9.9%, higher than the Iowa average of 8.6%.