Grundy County, Iowa Housing Market
In Grundy County, Iowa, the median home value is $198,800, with a median monthly rent of $774. This places Grundy County at #1412 nationally out of 3134 counties by median home value, and #23 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: $1,265
- Establishments: 350
- BLS QCEW, 2025
Housing Supply
- Single-family: 18
- Multi-family: 2
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 4,979 (avg $94,675)
- Outflow: 4,802 (avg $95,599)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 3 active ZIP codes in Grundy County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 50624 | 254.8 | — | 2025 |
| 2 | 50638 | 257.8 | +2.38% | 2025 |
| 3 | 50621 | 212.0 | — | 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.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Grundy County Compares
| Metric | Grundy County | Iowa Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $198,800 | $171,037 | $227,706 |
| Median Gross Rent | $774 | $832 | $968 |
| Owner Occupancy Rate | 84.5% | 75.8% | 73.3% |
| Price/Rent Ratio | 21.4 | 17.0 | 18.7 |
Market Analysis
The median home value in Grundy County is 16.2% above the Iowa state average and 12.7% below the U.S. national average. The median rent of $774/month is 7.0% below the state average.
With a price-to-rent ratio of 21.4, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Grundy County has an owner-occupancy rate of 84.5%, 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 |
|---|---|---|---|
| Ingham County | Michigan | $198,800 | $1,084 |
| Ray County | Missouri | $198,800 | $782 |
| Franklin County | Kansas | $198,700 | $1,042 |
| Taylor County | Texas | $198,600 | $1,159 |
| Cullman County | Alabama | $199,100 | $908 |
Other Counties in Iowa
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Pottawattamie County | $195,700 | $1,018 | 69.9% |
| Iowa County | $193,900 | $686 | 76.6% |
| Washington County | $203,900 | $879 | 74.0% |
| Benton County | $208,200 | $826 | 85.0% |
| Black Hawk County | $188,900 | $989 | 66.2% |
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).