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 | Warren County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $258,636 | $143,535 | $242,182 |
| Price Trend (Annual %) | 17.2% | 7.5% | 8.2% |
| Median Gross Rent | $975 | $948 | $1,342 |
| Rent Trend (Annual %) | 3.5% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Warren County is about 80% higher than in Iowa. Rent is about 3% 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 Warren County, up about 17.2% and 3.5% a year respectively. Home prices are changing faster.
Median rent in Warren County rose about 30.4% between 2015 and 2023, from $747 to $975. Over the same span, rent in Iowa rose about 36.3%.
Affordability
On average, housing unit costs 2.8 yearly household incomes in Warren County.
Buying the median-priced home in Warren County costs roughly 22.1 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 Warren County. The price-to-rent ratio in Iowa is about 12.6.
| Metric | Warren County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $258,636 | $143,535 | $242,182 |
| Median Household Income | $93,959 | $73,286 | $78,145 |
| Price-to-Income Ratio | 2.8 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Warren County rose about 136.4%, while median household income rose about 54.8% 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 | Warren County | Iowa Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 78.2% | 65.3% | 58.2% |
| Rental Rate | 16.0% | 26.0% | 31.3% |
| Vacancy Rate | 5.8% | 8.6% | 10.6% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Warren County has a homeownership rate of 78.2%, higher than the Iowa average of 65.3%. Its housing vacancy rate is 5.8%, compared with 8.6% in Iowa.
Housing Stock
| Metric | Warren County | Iowa Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.57 people | 2.37 people | 2.54 people |
| Median Structure Built Year | 1980 | 1970 | 1978 |
| Median Number of Rooms | 6.2 | 5.9 | 5.5 |
The typical housing unit in Warren County was built around 1980. On average, 2.6 people live in a home with about 6.2 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Warren County, Iowa.
What is the median home price in Warren County, Iowa?
The median home price in Warren County, Iowa is $258,636, higher than the Iowa average of $143,535.
What is the average home price in Warren 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 Warren County, Iowa?
The median gross rent in Warren County, Iowa is $975 per month, higher than the Iowa average of $948.
What was the median gross rent in Warren County in 2020?
In 2020, the median gross rent in Warren County, Iowa was $833 per month.
What is the price-to-rent ratio in Warren County, Iowa?
The price-to-rent ratio in Warren County, Iowa is about 22.1, meaning it would take roughly 22.1 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 Warren County.
Are home prices or rent rising faster in Warren County, Iowa?
Both home prices and rent are rising in Warren County, up about 17.2% and 3.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Warren County, Iowa?
78.2% of households in Warren County, Iowa own their home, higher than the Iowa average of 65.3%.
What is the vacancy rate in Warren County, Iowa?
The housing vacancy rate in Warren County, Iowa is 5.8%, lower than the Iowa average of 8.6%.