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 | Winneshiek County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $215,740 | $143,535 | $242,182 |
| Price Trend (Annual %) | 11.7% | 7.5% | 8.2% |
| Median Gross Rent | $799 | $948 | $1,342 |
| Rent Trend (Annual %) | 3.9% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Winneshiek County is about 50% higher than in Iowa. Rent is about 16% 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 Winneshiek County, up about 11.7% and 3.9% a year respectively. Home prices are changing faster.
Median rent in Winneshiek County rose about 36.1% between 2015 and 2023, from $587 to $799. Over the same span, rent in Iowa rose about 36.3%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in Winneshiek County.
Buying the median-priced home in Winneshiek County costs roughly 22.5 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 Winneshiek County. The price-to-rent ratio in Iowa is about 12.6.
| Metric | Winneshiek County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $215,740 | $143,535 | $242,182 |
| Median Household Income | $75,470 | $73,286 | $78,145 |
| Price-to-Income Ratio | 2.9 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Winneshiek County rose about 74.9%, 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 | Winneshiek County | Iowa Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.5% | 65.3% | 58.2% |
| Rental Rate | 21.5% | 26.0% | 31.3% |
| Vacancy Rate | 9.0% | 8.6% | 10.6% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Winneshiek County has a homeownership rate of 69.5%, higher than the Iowa average of 65.3%. Its housing vacancy rate is 9.0%, compared with 8.6% in Iowa.
Housing Stock
| Metric | Winneshiek County | Iowa Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.21 people | 2.37 people | 2.54 people |
| Median Structure Built Year | 1957 | 1970 | 1978 |
| Median Number of Rooms | 6.5 | 5.9 | 5.5 |
The typical housing unit in Winneshiek County was built around 1957. On average, 2.2 people live in a home with about 6.5 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Winneshiek County, Iowa.
What is the median home price in Winneshiek County, Iowa?
The median home price in Winneshiek County, Iowa is $215,740, higher than the Iowa average of $143,535.
What is the average home price in Winneshiek 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 Winneshiek County, Iowa?
The median gross rent in Winneshiek County, Iowa is $799 per month, lower than the Iowa average of $948.
What was the median gross rent in Winneshiek County in 2020?
In 2020, the median gross rent in Winneshiek County, Iowa was $722 per month.
What is the price-to-rent ratio in Winneshiek County, Iowa?
The price-to-rent ratio in Winneshiek County, Iowa is about 22.5, meaning it would take roughly 22.5 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 Winneshiek County.
Are home prices or rent rising faster in Winneshiek County, Iowa?
Both home prices and rent are rising in Winneshiek County, up about 11.7% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Winneshiek County, Iowa?
69.5% of households in Winneshiek County, Iowa own their home, higher than the Iowa average of 65.3%.
What is the vacancy rate in Winneshiek County, Iowa?
The housing vacancy rate in Winneshiek County, Iowa is 9.0%, higher than the Iowa average of 8.6%.