Monona County, Iowa Housing Market

In Monona County, Iowa, the median home value is $142,900, with a median monthly rent of $855. This places Monona County at #2333 nationally out of 3134 counties by median home value, and #71 within Iowa.

Median Home Value $142,900
Median Rent $855/mo
Owner Occupancy 75.7%
Price/Rent Ratio 13.9

📈 Price Trend (2017 → 2024)

📊 Recent Market Momentum (FHFA HPI)

FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025

💡 Year-over-Year Trend: Home prices in Monona County rose +10.4% year-over-year as of 2025. (Source: FHFA)

📍 Economic Snapshot

💼

Employment & Wages

2,003
jobs (private sector)
  • Avg weekly wage: $931
  • Establishments: 260
  • BLS QCEW, 2025
🏗️

Housing Supply

7
new units authorized (2025)
  • Single-family: 7
  • Multi-family: 0
  • U.S. Census Bureau, Building Permits Survey
🚚

Migration Patterns

+140
net migration (filers, 2021-2022)
  • Inflow: 3,480 (avg $68,724)
  • Outflow: 3,340 (avg $69,109)
  • IRS Statistics of Income

How Monona County Compares

MetricMonona CountyIowa AverageU.S. Average
Median Home Value $142,900 $171,037 $227,706
Median Gross Rent $855 $832 $968
Owner Occupancy Rate 75.7% 75.8% 73.3%
Price/Rent Ratio 13.9 17.0 18.7

Market Analysis

The median home value in Monona County is 16.5% below the Iowa state average and 37.2% below the U.S. national average. The median rent of $855/month is 2.8% above the state average.

With a price-to-rent ratio of 13.9, buying a home in Monona County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.

Monona County has an owner-occupancy rate of 75.7%, 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

CountyStateMedian Home ValueMedian Rent
Charlton County Georgia $142,800 $540
Marshall County Illinois $142,800 $782
Hopkins County Kentucky $142,800 $837
Carson County Texas $143,000 $956
Scott County Virginia $143,000 $699

Other Counties in Iowa

CountyMedian Home ValueMedian RentOwner Occ.
Floyd County $143,500 $745 76.6%
Hancock County $141,400 $736 82.5%
Lee County $141,400 $835 76.3%
Sac County $141,400 $722 78.0%
Marshall County $145,500 $885 75.0%

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).