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 | Ringgold County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $27,321 | $143,535 | $242,182 |
| Price Trend (Annual %) | 110.6% | 7.5% | 8.2% |
| Median Gross Rent | $744 | $948 | $1,342 |
| Rent Trend (Annual %) | 5.0% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Ringgold County is about 81% lower than in Iowa. Rent is about 22% 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 Ringgold County, up about 110.6% and 5.0% a year respectively. Home prices are changing faster.
Median rent in Ringgold County rose about 47.3% between 2015 and 2023, from $505 to $744. Over the same span, rent in Iowa rose about 36.3%.
Affordability
On average, housing unit costs 0.4 yearly household incomes in Ringgold County.
Buying the median-priced home in Ringgold County costs roughly 3.1 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 Ringgold County. The price-to-rent ratio in Iowa is about 12.6.
| Metric | Ringgold County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $27,321 | $143,535 | $242,182 |
| Median Household Income | $69,083 | $73,286 | $78,145 |
| Price-to-Income Ratio | 0.4 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Ringgold County fell about 88.8%, while median household income rose about 61.0% 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 | Ringgold County | Iowa Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.0% | 65.3% | 58.2% |
| Rental Rate | 14.8% | 26.0% | 31.3% |
| Vacancy Rate | 30.2% | 8.6% | 10.6% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Ringgold County has a homeownership rate of 55.0%, lower than the Iowa average of 65.3%. Its housing vacancy rate is 30.2%, compared with 8.6% in Iowa.
Housing Stock
| Metric | Ringgold County | Iowa Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.39 people | 2.37 people | 2.54 people |
| Median Structure Built Year | 1962 | 1970 | 1978 |
| Median Number of Rooms | 6.2 | 5.9 | 5.5 |
The typical housing unit in Ringgold County was built around 1962. On average, 2.4 people live in a home with about 6.2 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Ringgold County, Iowa.
What is the median home price in Ringgold County, Iowa?
The median home price in Ringgold County, Iowa is $27,321, lower than the Iowa average of $143,535.
What is the average home price in Ringgold 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 Ringgold County, Iowa?
The median gross rent in Ringgold County, Iowa is $744 per month, lower than the Iowa average of $948.
What was the median gross rent in Ringgold County in 2020?
In 2020, the median gross rent in Ringgold County, Iowa was $635 per month.
What is the price-to-rent ratio in Ringgold County, Iowa?
The price-to-rent ratio in Ringgold County, Iowa is about 3.1, meaning it would take roughly 3.1 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 Ringgold County.
Are home prices or rent rising faster in Ringgold County, Iowa?
Both home prices and rent are rising in Ringgold County, up about 110.6% and 5.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Ringgold County, Iowa?
55.0% of households in Ringgold County, Iowa own their home, lower than the Iowa average of 65.3%.
What is the vacancy rate in Ringgold County, Iowa?
The housing vacancy rate in Ringgold County, Iowa is 30.2%, higher than the Iowa average of 8.6%.