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 | Scott County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $191,320 | $143,535 | $242,182 |
| Price Trend (Annual %) | 8.8% | 7.5% | 8.2% |
| Median Gross Rent | $958 | $948 | $1,342 |
| Rent Trend (Annual %) | 4.0% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Scott County is about 33% higher than in Iowa. Rent is about 1% 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 Scott County, up about 8.8% and 4.0% a year respectively. Home prices are changing faster.
Median rent in Scott County rose about 34.0% between 2015 and 2023, from $715 to $958. Over the same span, rent in Iowa rose about 36.3%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in Scott County.
Buying the median-priced home in Scott County costs roughly 16.6 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Scott County. The price-to-rent ratio in Iowa is about 12.6.
| Metric | Scott County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $191,320 | $143,535 | $242,182 |
| Median Household Income | $77,034 | $73,286 | $78,145 |
| Price-to-Income Ratio | 2.5 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Scott County rose about 71.8%, while median household income rose about 51.9% 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 | Scott County | Iowa Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.7% | 65.3% | 58.2% |
| Rental Rate | 28.3% | 26.0% | 31.3% |
| Vacancy Rate | 7.0% | 8.6% | 10.6% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Scott County has a homeownership rate of 64.7%, lower than the Iowa average of 65.3%. Its housing vacancy rate is 7.0%, compared with 8.6% in Iowa.
Housing Stock
| Metric | Scott County | Iowa Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.35 people | 2.37 people | 2.54 people |
| Median Structure Built Year | 1968 | 1970 | 1978 |
| Median Number of Rooms | 5.9 | 5.9 | 5.5 |
The typical housing unit in Scott County was built around 1968. On average, 2.4 people live in a home with about 5.9 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Scott County, Iowa.
What is the median home price in Scott County, Iowa?
The median home price in Scott County, Iowa is $191,320, higher than the Iowa average of $143,535.
What is the average home price in Scott 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 Scott County, Iowa?
The median gross rent in Scott County, Iowa is $958 per month, higher than the Iowa average of $948.
What was the median gross rent in Scott County in 2020?
In 2020, the median gross rent in Scott County, Iowa was $812 per month.
What is the price-to-rent ratio in Scott County, Iowa?
The price-to-rent ratio in Scott County, Iowa is about 16.6, meaning it would take roughly 16.6 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Scott County.
Are home prices or rent rising faster in Scott County, Iowa?
Both home prices and rent are rising in Scott County, up about 8.8% and 4.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Scott County, Iowa?
64.7% of households in Scott County, Iowa own their home, lower than the Iowa average of 65.3%.
What is the vacancy rate in Scott County, Iowa?
The housing vacancy rate in Scott County, Iowa is 7.0%, lower than the Iowa average of 8.6%.