Home/Iowa/Palo Alto County

Palo Alto County Housing Market

Iowa · 99 counties · Ranked #604 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$119,300

vs national$119,300 vs $281,900 national

Median Gross Rent

$599/mo

vs national$599 vs $1,163 national

Effective Tax Rate

1.23%

vs national+1.23% vs 1.02% national

Median Household Income

$68,963

vs national$68,963 vs $74,755 national

Affordability Ratio

1.7x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

22.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$1,471

Tax as % of Home Value

1.23%

Monthly Owner Cost

$750

Renter Income

$37,179

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Similar Counties by Home Value

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Frequently Asked Questions

What is the median home value in Palo Alto County?

The median home value in Palo Alto County is $119,300. This is below the national median of $281,900.

How much is rent in Palo Alto County?

The median gross rent in Palo Alto County is $599 per month.

What is the property tax rate in Palo Alto County?

The effective property tax rate in Palo Alto County is 1.23%. The median annual property tax bill is $1,471.

Is Palo Alto County affordable?

With a home-value-to-income ratio of 1.7x, Palo Alto County is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.