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 | Muscatine County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $75,000 | $143,535 | $242,182 |
| Price Trend (Annual %) | 144.9% | 7.5% | 8.2% |
| Median Gross Rent | $965 | $948 | $1,342 |
| Rent Trend (Annual %) | 3.8% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Muscatine County is about 48% lower than in Iowa. Rent is about 2% higher 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 Muscatine County, up about 144.9% and 3.8% a year respectively. Home prices are changing faster.
Median rent in Muscatine County rose about 31.9% between 2015 and 2023, from $732 to $965. Over the same span, rent in Iowa rose about 36.3%.
Affordability
On average, housing unit costs 1.1 yearly household incomes in Muscatine County.
Buying the median-priced home in Muscatine County costs roughly 6.5 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 Muscatine County. The price-to-rent ratio in Iowa is about 12.6.
| Metric | Muscatine County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $75,000 | $143,535 | $242,182 |
| Median Household Income | $69,581 | $73,286 | $78,145 |
| Price-to-Income Ratio | 1.1 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Muscatine County fell about 15.6%, while median household income rose about 38.5% 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 | Muscatine County | Iowa Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.7% | 65.3% | 58.2% |
| Rental Rate | 23.4% | 26.0% | 31.3% |
| Vacancy Rate | 6.8% | 8.6% | 10.6% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Muscatine County has a homeownership rate of 69.7%, higher than the Iowa average of 65.3%. Its housing vacancy rate is 6.8%, compared with 8.6% in Iowa.
Housing Stock
| Metric | Muscatine County | Iowa Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.45 people | 2.37 people | 2.54 people |
| Median Structure Built Year | 1971 | 1970 | 1978 |
| Median Number of Rooms | 5.9 | 5.9 | 5.5 |
The typical housing unit in Muscatine County was built around 1971. On average, 2.4 people live in a home with about 5.9 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Muscatine County, Iowa.
What is the median home price in Muscatine County, Iowa?
The median home price in Muscatine County, Iowa is $75,000, lower than the Iowa average of $143,535.
What is the average home price in Muscatine 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 Muscatine County, Iowa?
The median gross rent in Muscatine County, Iowa is $965 per month, higher than the Iowa average of $948.
What was the median gross rent in Muscatine County in 2020?
In 2020, the median gross rent in Muscatine County, Iowa was $829 per month.
What is the price-to-rent ratio in Muscatine County, Iowa?
The price-to-rent ratio in Muscatine County, Iowa is about 6.5, meaning it would take roughly 6.5 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 Muscatine County.
Are home prices or rent rising faster in Muscatine County, Iowa?
Both home prices and rent are rising in Muscatine County, up about 144.9% and 3.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Muscatine County, Iowa?
69.7% of households in Muscatine County, Iowa own their home, higher than the Iowa average of 65.3%.
What is the vacancy rate in Muscatine County, Iowa?
The housing vacancy rate in Muscatine County, Iowa is 6.8%, lower than the Iowa average of 8.6%.