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 | Worth County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $24,545 | $143,535 | $242,182 |
| Price Trend (Annual %) | -12.5% | 7.5% | 8.2% |
| Median Gross Rent | $702 | $948 | $1,342 |
| Rent Trend (Annual %) | 4.0% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Worth County is about 83% lower than in Iowa. Rent is about 26% 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 Worth County: home prices fell about 12.5% a year while rent rose about 4.0% a year. That is an unusual pattern worth watching.
Median rent in Worth County rose about 34.3% between 2015 and 2023, from $523 to $702. Over the same span, rent in Iowa rose about 36.3%.
Affordability
On average, housing unit costs 0.3 yearly household incomes in Worth County.
Buying the median-priced home in Worth County costs roughly 2.9 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 Worth County. The price-to-rent ratio in Iowa is about 12.6.
| Metric | Worth County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $24,545 | $143,535 | $242,182 |
| Median Household Income | $76,342 | $73,286 | $78,145 |
| Price-to-Income Ratio | 0.3 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Worth County fell about 73.2%, while median household income rose about 53.9% 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 | Worth County | Iowa Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 74.4% | 65.3% | 58.2% |
| Rental Rate | 17.2% | 26.0% | 31.3% |
| Vacancy Rate | 8.4% | 8.6% | 10.6% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Worth County has a homeownership rate of 74.4%, higher than the Iowa average of 65.3%. Its housing vacancy rate is 8.4%, compared with 8.6% in Iowa.
Housing Stock
| Metric | Worth County | Iowa Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.28 people | 2.37 people | 2.54 people |
| Median Structure Built Year | 1953 | 1970 | 1978 |
| Median Number of Rooms | 6.5 | 5.9 | 5.5 |
The typical housing unit in Worth County was built around 1953. On average, 2.3 people live in a home with about 6.5 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Worth County, Iowa.
What is the median home price in Worth County, Iowa?
The median home price in Worth County, Iowa is $24,545, lower than the Iowa average of $143,535.
What is the average home price in Worth 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 Worth County, Iowa?
The median gross rent in Worth County, Iowa is $702 per month, lower than the Iowa average of $948.
What was the median gross rent in Worth County in 2020?
In 2020, the median gross rent in Worth County, Iowa was $585 per month.
What is the price-to-rent ratio in Worth County, Iowa?
The price-to-rent ratio in Worth County, Iowa is about 2.9, meaning it would take roughly 2.9 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 Worth County.
Are home prices or rent rising faster in Worth County, Iowa?
Home prices and rent are moving in opposite directions in Worth County: home prices fell about 12.5% a year while rent rose about 4.0% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Worth County, Iowa?
74.4% of households in Worth County, Iowa own their home, higher than the Iowa average of 65.3%.
What is the vacancy rate in Worth County, Iowa?
The housing vacancy rate in Worth County, Iowa is 8.4%, lower than the Iowa average of 8.6%.