Iowa City
Iowa · Ranked #165 of 373 metros
79Affordable
💡
Housing in Iowa City costs 4.15× the median income, below the national average of 4.5×. The median home price is $299K and median rent is $1,072/month. Iowa City ranks #165 of 373 metros for affordability.
Median Home Price
🏠$299K
Need $88K income
Median Rent
🔑$1,072
Need $43K income
Building Permits
🔨748
annual
Median Income
💰$72K
Pop: 185,641
Rent Burden
⚠️32.1%
of renters paying >30%
Homeownership
🏡61.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Iowa City | National |
|---|---|---|
| Price-to-Income Ratio | 4.15x | 6.1x |
| Rent Burden | 32.1% | 31.5% |
| Homeownership Rate | 61.0% | 65.5% |
| YoY Rent Change | 0% | +2.8% |
| Mortgage Denial Rate | 0.0% | 13.5% |
| Eviction Rate | 0.0% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +37.4%Since 2000: +125.1%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$880/mo
1 Bedroom$961/mo
2 Bedroom$1,141/mo
3 Bedroom$1,587/mo
4 Bedroom$1,914/mo
Zillow Market Data
Home Value (ZHVI)
$291K
1yr: +3.9%5yr: +29.2%
Rent (ZORI)
$1,323/mo
1yr: +5.1%5yr: +26.3%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$355K
Active Inventory
363
Days on Market
63
Sold Above List
18.1%
Price Drops
14.3%