Grimes, IA—50111
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Grimes, IA
As of Oct '25, the median home price in Grimes, IA is $346,000, with a year-over-year change of 1.9%. This indicates that home prices in Grimes, IA are increasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $346,000 | 1.9% |
| Single Family | $360,000 | 1.7% |
| Condos | $223,000 | 3.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $222,000 | 2.3% |
3 Bed | $323,000 | 1.9% |
4 Bed | $405,000 | 1.2% |
| 5 Bed | $543,000 | 1.7% |
% of Housing Stock
Rental Trends — Grimes, IA
As of July '25, Rentcast reports the average rent in Grimes, IA is $1,630, with a year-over-year rent change of -10.4%. Per bedroom, the median rent as of July '25 in Grimes, IA is studios: $930, 1-bedrooms: $924, 2-bedrooms: $1,040, 3-bedrooms: $1,960, 4-bedrooms: $2,330. The most common rental property sizes in Grimes, IA are 2-bedroom and 1-bedroom, accounting for 48.1% and 22.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,850 | $1,630 |
| Studio Rent | $929 | $930 |
| 1 Bed Rent | $961 | $924 |
| 2 Bed Rent | $850 | $1,040 |
| 3 Bed Rent | $1,900 | $1,960 |
| 4 Bed Rent | $2,340 | $2,330 |
% of Rental Stock
Property Listings — Grimes, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Grimes, IA is 61. This is a increase of 19.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $415,000 | 1.0% |
Listing Count | 115 | -2.0% |
| Listings as % of Homes | 1.3% | -2.0% |
Days on Market | 61 | 19.0% |
Demographics — Grimes, IA
As of the latest ACS Survey released in 2023, Grimes, IA has a population of 16,300, which has increased by 18.1% over the past 5 years. Grimes, IA is a popular place for families, as children make up 27.6% of the population. The area has a highly educated workforce, with 48.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,300 | 18.1% |
% Under 18 | 27.6% | -9.8% |
% Seniors | 7.9% | -24.8% |
% WFH | 24.4% | 419.1% |
% w/ College Degree | 48.1% | 15.1% |
As of the latest ACS Survey released in 2023, Grimes, IA is a predominantly white area, with 85.4% of the population identifying as white. The white population has shrunk by 6.9% in the last 5 years. The second most common race or ethnicity in Grimes, IA is hispanic, making up 6.3% of the population. Foreign-born residents account for 6.0% of the population in Grimes, IA, and this percentage has increased by 7.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 85.4% | -6.9% |
% Black | 2.3% | ∞% |
% Hispanic | 6.3% | 133.3% |
% Asian | 3.5% | 40.0% |
% Foreign Born | 6.0% | 7.1% |
Mortgage and Risk — Grimes, IA
According to HUD data as of 2023, there were 382 mortgage originations in Grimes, IA, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Grimes, IA. Investor activity is low, as 2.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 382 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Grimes, IA
As of 2024, the percent of homes in Grimes, IA under the Section 8 program is 3.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Grimes, IA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 66 |
Total Units Section 8 | 66 |
% Rentals under Section 8 | 3.3% |
% Occupied Section 8 | 80.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $29 | $961 | $990 |
| 2 Bedroom | $330 | $850 | $1,180 |
| 3 Bedroom | -$320 | $1,900 | $1,580 |
| 4 Bedroom | -$750 | $2,340 | $1,590 |
Affordability — Grimes, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $346,000 |
| Median Household Income | $108,000 |