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 | Sioux County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $165,441 | $143,535 | $242,182 |
| Price Trend (Annual %) | -0.7% | 7.5% | 8.2% |
| Median Gross Rent | $887 | $948 | $1,342 |
| Rent Trend (Annual %) | 4.8% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sioux County is about 15% higher than in Iowa. Rent is about 6% lower than the Iowa average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Sioux County: home prices fell about 0.7% a year while rent rose about 4.8% a year. That is an unusual pattern worth watching.
Median rent in Sioux County rose about 42.6% between 2015 and 2023, from $622 to $887. Over the same span, rent in Iowa rose about 36.3%.
Affordability
On average, housing unit costs 1.9 yearly household incomes in Sioux County.
Buying the median-priced home in Sioux County costs roughly 15.5 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 Sioux County. The price-to-rent ratio in Iowa is about 12.6.
| Metric | Sioux County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $165,441 | $143,535 | $242,182 |
| Median Household Income | $86,381 | $73,286 | $78,145 |
| Price-to-Income Ratio | 1.9 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Sioux County fell about 7.7%, while median household income rose about 67.2% between 2010 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 | Sioux County | Iowa Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 74.3% | 65.3% | 58.2% |
| Rental Rate | 21.2% | 26.0% | 31.3% |
| Vacancy Rate | 4.5% | 8.6% | 10.6% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Sioux County has a homeownership rate of 74.3%, higher than the Iowa average of 65.3%. Its housing vacancy rate is 4.5%, compared with 8.6% in Iowa.
Housing Stock
| Metric | Sioux County | Iowa Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.68 people | 2.37 people | 2.54 people |
| Median Structure Built Year | 1971 | 1970 | 1978 |
| Median Number of Rooms | 6.8 | 5.9 | 5.5 |
The typical housing unit in Sioux County was built around 1971. On average, 2.7 people live in a home with about 6.8 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Sioux County, Iowa.
What is the median home price in Sioux County, Iowa?
The median home price in Sioux County, Iowa is $165,441, higher than the Iowa average of $143,535.
What is the average home price in Sioux 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 Sioux County, Iowa?
The median gross rent in Sioux County, Iowa is $887 per month, lower than the Iowa average of $948.
What was the median gross rent in Sioux County in 2020?
In 2020, the median gross rent in Sioux County, Iowa was $692 per month.
What is the price-to-rent ratio in Sioux County, Iowa?
The price-to-rent ratio in Sioux County, Iowa is about 15.5, meaning it would take roughly 15.5 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 Sioux County.
Are home prices or rent rising faster in Sioux County, Iowa?
Home prices and rent are moving in opposite directions in Sioux County: home prices fell about 0.7% a year while rent rose about 4.8% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Sioux County, Iowa?
74.3% of households in Sioux County, Iowa own their home, higher than the Iowa average of 65.3%.
What is the vacancy rate in Sioux County, Iowa?
The housing vacancy rate in Sioux County, Iowa is 4.5%, lower than the Iowa average of 8.6%.