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 | Winnebago County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $47,083 | $143,535 | $242,182 |
| Price Trend (Annual %) | -13.2% | 7.5% | 8.2% |
| Median Gross Rent | $712 | $948 | $1,342 |
| Rent Trend (Annual %) | 4.4% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Winnebago County is about 67% lower than in Iowa. Rent is about 25% 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 Winnebago County: home prices fell about 13.2% a year while rent rose about 4.4% a year. That is an unusual pattern worth watching.
Median rent in Winnebago County rose about 38.3% between 2015 and 2023, from $515 to $712. Over the same span, rent in Iowa rose about 36.3%.
Affordability
On average, housing unit costs 0.7 yearly household incomes in Winnebago County.
Buying the median-priced home in Winnebago County costs roughly 5.5 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 Winnebago County. The price-to-rent ratio in Iowa is about 12.6.
| Metric | Winnebago County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $47,083 | $143,535 | $242,182 |
| Median Household Income | $63,524 | $73,286 | $78,145 |
| Price-to-Income Ratio | 0.7 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Winnebago County fell about 60.6%, while median household income rose about 60.0% 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 | Winnebago County | Iowa Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.2% | 65.3% | 58.2% |
| Rental Rate | 23.2% | 26.0% | 31.3% |
| Vacancy Rate | 9.6% | 8.6% | 10.6% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Winnebago County has a homeownership rate of 67.2%, higher than the Iowa average of 65.3%. Its housing vacancy rate is 9.6%, compared with 8.6% in Iowa.
Housing Stock
| Metric | Winnebago County | Iowa Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.19 people | 2.37 people | 2.54 people |
| Median Structure Built Year | 1956 | 1970 | 1978 |
| Median Number of Rooms | 6.2 | 5.9 | 5.5 |
The typical housing unit in Winnebago County was built around 1956. On average, 2.2 people live in a home with about 6.2 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Winnebago County, Iowa.
What is the median home price in Winnebago County, Iowa?
The median home price in Winnebago County, Iowa is $47,083, lower than the Iowa average of $143,535.
What is the average home price in Winnebago 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 Winnebago County, Iowa?
The median gross rent in Winnebago County, Iowa is $712 per month, lower than the Iowa average of $948.
What was the median gross rent in Winnebago County in 2020?
In 2020, the median gross rent in Winnebago County, Iowa was $617 per month.
What is the price-to-rent ratio in Winnebago County, Iowa?
The price-to-rent ratio in Winnebago County, Iowa is about 5.5, meaning it would take roughly 5.5 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 Winnebago County.
Are home prices or rent rising faster in Winnebago County, Iowa?
Home prices and rent are moving in opposite directions in Winnebago County: home prices fell about 13.2% a year while rent rose about 4.4% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Winnebago County, Iowa?
67.2% of households in Winnebago County, Iowa own their home, higher than the Iowa average of 65.3%.
What is the vacancy rate in Winnebago County, Iowa?
The housing vacancy rate in Winnebago County, Iowa is 9.6%, higher than the Iowa average of 8.6%.