Grinnell, IA—50112
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Grinnell, IA
Grinnell, IA lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $212,000 | 5.8% |
| Single Family | $217,000 | 5.9% |
| Condos | $135,000 | 8.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $160,000 | 7.4% |
3 Bed | $215,000 | 5.4% |
4 Bed | $267,000 | 4.3% |
| 5 Bed | $339,000 | 4.0% |
% of Housing Stock
Rental Trends — Grinnell, IA
As of July '25, Rentcast reports the average rent in Grinnell, IA is $1,130, with a year-over-year rent change of 25.4%. Per bedroom, the median rent as of July '25 in Grinnell, IA is 1-bedrooms: $994, 2-bedrooms: $832, 3-bedrooms: $1,190, 4-bedrooms: $2,500. The most common rental property sizes in Grinnell, IA are 2-bedroom and 1-bedroom, accounting for 52.4% and 26.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $995 | $1,130 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,020 | $994 |
| 2 Bed Rent | $825 | $832 |
| 3 Bed Rent | $995 | $1,190 |
| 4 Bed Rent | $2,500 | $2,500 |
% of Rental Stock
Property Listings — Grinnell, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Grinnell, IA is 81. This is a increase of 8.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $222,000 | -3.0% |
Listing Count | 71 | 20.0% |
| Listings as % of Homes | 0.6% | 20.0% |
Days on Market | 81 | 8.0% |
Demographics — Grinnell, IA
As of the latest ACS Survey released in 2023, Grinnell, IA has a population of 11,800, which has remained stable by -0.0% over the past 5 years. Grinnell, IA is a moderately popular place for families, as children make up 18.3% of the population. The area has a moderately educated workforce, with 37.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,800 | 0.0% |
% Under 18 | 18.3% | -1.6% |
% Seniors | 21.5% | 16.8% |
% WFH | 12.2% | 212.8% |
% w/ College Degree | 37.6% | 19.7% |
As of the latest ACS Survey released in 2023, Grinnell, IA is a predominantly white area, with 88.7% of the population identifying as white. The white population has shrunk by 0.8% in the last 5 years. The second most common race or ethnicity in Grinnell, IA is hispanic, making up 3.3% of the population. Foreign-born residents account for 4.3% of the population in Grinnell, IA, and this percentage has increased by 2.4% 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 | 88.7% | -0.8% |
% Black | 1.9% | -26.9% |
% Hispanic | 3.3% | 22.2% |
% Asian | 3.2% | -5.9% |
% Foreign Born | 4.3% | 2.4% |
Mortgage and Risk — Grinnell, IA
According to HUD data as of 2023, there were 247 mortgage originations in Grinnell, IA, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Grinnell, IA. Investor activity is low, as 5.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 247 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 5.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Grinnell, IA
As of 2024, the percent of homes in Grinnell, IA under the Section 8 program is 15.9%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Grinnell, IA, because HUD payments exceed market rent, while 1-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 241 |
Total Units Section 8 | 233 |
% Rentals under Section 8 | 15.9% |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$190 | $1,020 | $830 |
| 2 Bedroom | $105 | $825 | $930 |
| 3 Bedroom | $235 | $995 | $1,230 |
| 4 Bedroom | -$1,260 | $2,500 | $1,240 |
Affordability — Grinnell, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $212,000 |
| Median Household Income | $64,700 |