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 | Page County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $256,579 | $143,535 | $242,182 |
| Price Trend (Annual %) | 35.3% | 7.5% | 8.2% |
| Median Gross Rent | $730 | $948 | $1,342 |
| Rent Trend (Annual %) | 3.9% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Page County is about 79% higher than in Iowa. Rent is about 23% 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 Page County, up about 35.3% and 3.9% a year respectively. Home prices are changing faster.
Median rent in Page County rose about 29.5% between 2015 and 2023, from $564 to $730. Over the same span, rent in Iowa rose about 36.3%.
Affordability
On average, housing unit costs 4.4 yearly household incomes in Page County.
Buying the median-priced home in Page County costs roughly 29.3 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Page County. The price-to-rent ratio in Iowa is about 12.6.
| Metric | Page County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $256,579 | $143,535 | $242,182 |
| Median Household Income | $57,874 | $73,286 | $78,145 |
| Price-to-Income Ratio | 4.4 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Page County rose about 421.6%, while median household income rose about 40.8% 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 | Page County | Iowa Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.6% | 65.3% | 58.2% |
| Rental Rate | 26.4% | 26.0% | 31.3% |
| Vacancy Rate | 11.9% | 8.6% | 10.6% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Page County has a homeownership rate of 61.6%, lower than the Iowa average of 65.3%. Its housing vacancy rate is 11.9%, compared with 8.6% in Iowa.
Housing Stock
| Metric | Page County | Iowa Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.27 people | 2.37 people | 2.54 people |
| Median Structure Built Year | 1951 | 1970 | 1978 |
| Median Number of Rooms | 6.0 | 5.9 | 5.5 |
The typical housing unit in Page County was built around 1951. On average, 2.3 people live in a home with about 6.0 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Page County, Iowa.
What is the median home price in Page County, Iowa?
The median home price in Page County, Iowa is $256,579, higher than the Iowa average of $143,535.
What is the average home price in Page 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 Page County, Iowa?
The median gross rent in Page County, Iowa is $730 per month, lower than the Iowa average of $948.
What was the median gross rent in Page County in 2020?
In 2020, the median gross rent in Page County, Iowa was $662 per month.
What is the price-to-rent ratio in Page County, Iowa?
The price-to-rent ratio in Page County, Iowa is about 29.3, meaning it would take roughly 29.3 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Page County.
Are home prices or rent rising faster in Page County, Iowa?
Both home prices and rent are rising in Page County, up about 35.3% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Page County, Iowa?
61.6% of households in Page County, Iowa own their home, lower than the Iowa average of 65.3%.
What is the vacancy rate in Page County, Iowa?
The housing vacancy rate in Page County, Iowa is 11.9%, higher than the Iowa average of 8.6%.