Mitchell County, Iowa Housing Market Prices
Mitchell County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 38% below the Iowa median$95,001
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Median rent 24% below the Iowa median Cheaper than 82% of counties in Iowa$737
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Mitchell County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $95,001 | $153,425 | $248,835 |
| Price Trend (Annual %) | 11.9% | 7.5% | 7.5% |
| Median Gross Rent | $737 | $971 | $1,407 |
| Rent Trend (Annual %) | 3.7% | 3.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Mitchell County is about 38% lower than in Iowa. Rent is about 24% lower than the Iowa average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Mitchell County, up about 11.9% and 3.7% a year respectively. Home prices are changing faster.
Median rent in Mitchell County rose about 37.9% between 2015 and 2024, from $534 to $737. Over the same span, rent in Iowa rose about 39.6%.
Affordability
On average, housing unit costs 1.3 yearly household incomes in Mitchell County.
Buying the median-priced home in Mitchell County costs roughly 10.7 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 Mitchell County. The price-to-rent ratio in Iowa is about 13.2.
| Metric | Mitchell County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $95,001 | $153,425 | $248,835 |
| Median Household Income | $72,056 | $75,133 | $80,455 |
| Price-to-Income Ratio | 1.3 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Mitchell County rose about 49.8%, while median household income rose about 40.0% between 2009 and 2025 — 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 | Mitchell County | Iowa Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 74.3% | 65.6% | 58.5% |
| Rental Rate | 18.6% | 25.9% | 31.2% |
| Vacancy Rate | 7.1% | 8.5% | 10.2% |
| Median Tenure (years) | 19.0 | 15.0 | 15.0 |
| Median Year Moved In | 2007 | 2011 | 2011 |
Mitchell County has a homeownership rate of 74.3%, higher than the Iowa average of 65.6%. Its housing vacancy rate is 7.1%, compared with 8.5% in Iowa.
Housing Stock
| Metric | Mitchell County | Iowa Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.26 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1957 | 1971 | 1978 |
| Median Number of Rooms | 6.8 | 5.9 | 5.5 |
The typical housing unit in Mitchell County was built around 1957. On average, 2.3 people live in a home with about 6.8 rooms, staying for about 19.0 years on average.
Mitchell County, IA Housing Compared With Nearby Counties
Mitchell County, IA is the 3rd largest of the 4 counties compared here, 10,577 residents against a local median of 40,341. Mitchell County, IA sits close to the middle of its own neighbourhood. No measure below is more than 15% off the local median, so the choice between these counties turns on things this data does not capture.
The largest of those small differences is median rent, 13% below the local median at $737 against $849. Mitchell County, IA has the 3rd highest median rent of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Mitchell County, IA | 10,577 | $95,001 #3/4 | $737 #3/4 | 80.0% #1/4 |
| Mower County, MN | 40,341 | $103,820 | $926 | 77.6% |
| Howard County, IA | 9,445 | $109,318 | $713 | 77.4% |
| Cerro Gordo County, IA | 42,632 | $57,820 | $849 | 70.4% |
Frequently Asked Questions
Common questions about the housing market in Mitchell County, Iowa.
What is the median home price in Mitchell County, Iowa?
The median home price in Mitchell County, Iowa is $95,001, lower than the Iowa average of $153,425.
What is the average home price in Mitchell County, Iowa?
The typical home price in Mitchell County, Iowa, reported as the median sale price, is $95,001. 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 Mitchell County, Iowa?
The median gross rent in Mitchell County, Iowa is $737 per month, lower than the Iowa average of $971.
What was the median gross rent in Mitchell County in 2020?
In 2020, the median gross rent in Mitchell County, Iowa was $610 per month.
What is the price-to-rent ratio in Mitchell County, Iowa?
The price-to-rent ratio in Mitchell County, Iowa is about 10.7, meaning it would take roughly 10.7 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 Mitchell County.
Are home prices or rent rising faster in Mitchell County, Iowa?
Both home prices and rent are rising in Mitchell County, up about 11.9% and 3.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Mitchell County, Iowa?
74.3% of households in Mitchell County, Iowa own their home, higher than the Iowa average of 65.6%.
What is the vacancy rate in Mitchell County, Iowa?
The housing vacancy rate in Mitchell County, Iowa is 7.1%, lower than the Iowa average of 8.5%.
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