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 | Iowa County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $159,536 | $176,921 | $242,182 |
| Price Trend (Annual %) | -0.7% | 5.3% | 8.2% |
| Median Gross Rent | $941 | $1,045 | $1,342 |
| Rent Trend (Annual %) | 4.3% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Iowa County is about 10% lower than in Wisconsin. Rent is about 10% lower than the Wisconsin 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 Iowa County: home prices fell about 0.7% a year while rent rose about 4.3% a year. That is an unusual pattern worth watching.
Median rent in Iowa County rose about 37.1% between 2015 and 2023, from $686 to $941. Over the same span, rent in Wisconsin rose about 34.7%.
Affordability
On average, housing unit costs 1.9 yearly household incomes in Iowa County.
Buying the median-priced home in Iowa County costs roughly 14.1 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 Iowa County. The price-to-rent ratio in Wisconsin is about 14.1.
| Metric | Iowa County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $159,536 | $176,921 | $242,182 |
| Median Household Income | $81,950 | $75,766 | $78,145 |
| Price-to-Income Ratio | 1.9 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Iowa County rose about 12.2%, while median household income rose about 49.1% 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 | Iowa County | Wisconsin Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.7% | 60.4% | 58.2% |
| Rental Rate | 20.7% | 28.6% | 31.3% |
| Vacancy Rate | 9.6% | 11.1% | 10.6% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Iowa County has a homeownership rate of 69.7%, higher than the Wisconsin average of 60.4%. Its housing vacancy rate is 9.6%, compared with 11.1% in Wisconsin.
Housing Stock
| Metric | Iowa County | Wisconsin Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.37 people | 2.35 people | 2.54 people |
| Median Structure Built Year | 1972 | 1973 | 1978 |
| Median Number of Rooms | 6.2 | 5.6 | 5.5 |
The typical housing unit in Iowa County was built around 1972. On average, 2.4 people live in a home with about 6.2 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Iowa County, Wisconsin.
What is the median home price in Iowa County, Wisconsin?
The median home price in Iowa County, Wisconsin is $159,536, lower than the Wisconsin average of $176,921.
What is the average home price in Iowa County, Wisconsin?
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 Iowa County, Wisconsin?
The median gross rent in Iowa County, Wisconsin is $941 per month, lower than the Wisconsin average of $1,045.
What was the median gross rent in Iowa County in 2020?
In 2020, the median gross rent in Iowa County, Wisconsin was $783 per month.
What is the price-to-rent ratio in Iowa County, Wisconsin?
The price-to-rent ratio in Iowa County, Wisconsin is about 14.1, meaning it would take roughly 14.1 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 Iowa County.
Are home prices or rent rising faster in Iowa County, Wisconsin?
Home prices and rent are moving in opposite directions in Iowa County: home prices fell about 0.7% a year while rent rose about 4.3% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Iowa County, Wisconsin?
69.7% of households in Iowa County, Wisconsin own their home, higher than the Wisconsin average of 60.4%.
What is the vacancy rate in Iowa County, Wisconsin?
The housing vacancy rate in Iowa County, Wisconsin is 9.6%, lower than the Wisconsin average of 11.1%.