Boone County, Iowa Housing Market
In Boone County, Iowa, the median home value is $212,400, with a median monthly rent of $845. This places Boone County at #1272 nationally out of 3134 counties by median home value, and #18 within Iowa.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,028
- Establishments: 690
- BLS QCEW, 2025
Housing Supply
- Single-family: 64
- Multi-family: 143
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 11,077 (avg $79,763)
- Outflow: 10,591 (avg $80,500)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 8 active ZIP codes in Boone County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 50220 | 250.6 | +14.84% | 2025 |
| 2 | 50212 | 241.1 | +5.10% | 2025 |
| 3 | 50244 | 237.1 | +4.87% | 2025 |
| 4 | 50276 | 243.3 | -5.88% | 2025 |
| 5 | 50248 | 204.6 | -0.26% | 2025 |
| 6 | 50036 | 225.4 | +1.00% | 2025 |
| 7 | 50156 | 238.8 | +0.02% | 2025 |
| 8 | 50014 | 209.5 | +2.73% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
📝 Editor's Insight
None
💰 Ready to Finance a Purchase?
See the 2026 FHA and conforming loan limits for Boone County, plus monthly payment estimates at today's mortgage rates.
View Mortgage Guide for Boone County →How Boone County Compares
| Metric | Boone County | Iowa Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $212,400 | $171,037 | $227,706 |
| Median Gross Rent | $845 | $832 | $968 |
| Owner Occupancy Rate | 80.0% | 75.8% | 73.3% |
| Price/Rent Ratio | 20.9 | 17.0 | 18.7 |
Market Analysis
The median home value in Boone County is 24.2% above the Iowa state average and 6.7% below the U.S. national average. The median rent of $845/month is 1.6% above the state average.
With a price-to-rent ratio of 20.9, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Boone County has an owner-occupancy rate of 80.0%, compared to 75.8% in Iowa and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Shelby County | Indiana | $212,400 | $987 |
| Amherst County | Virginia | $212,400 | $871 |
| Bradford County | Florida | $212,500 | $863 |
| Saguache County | Colorado | $212,600 | $828 |
| Harrison County | Mississippi | $212,200 | $1,115 |
Other Counties in Iowa
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Cedar County | $211,300 | $879 | 81.5% |
| Linn County | $214,300 | $945 | 73.5% |
| Poweshiek County | $209,300 | $883 | 71.2% |
| Benton County | $208,200 | $826 | 85.0% |
| Bremer County | $219,600 | $921 | 79.7% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).