Iowa Colony, TX—77583
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Iowa Colony, TX
As of Oct '25, the median home price in Iowa Colony, TX is $322,000, with a year-over-year change of -1.9%. This indicates that home prices in Iowa Colony, TX are decreasing. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $322,000 | -1.9% |
| Single Family | $322,000 | -2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $203,000 | 0.0% |
3 Bed | $278,000 | -1.8% |
4 Bed | $332,000 | -1.5% |
| 5 Bed | $415,000 | -1.4% |
% of Housing Stock
Rental Trends — Iowa Colony, TX
As of July '25, Rentcast reports the average rent in Iowa Colony, TX is $2,480, with a year-over-year rent change of 5.1%. Per bedroom, the median rent as of July '25 in Iowa Colony, TX is 1-bedrooms: $1,120, 2-bedrooms: $1,330, 3-bedrooms: $2,320, 4-bedrooms: $2,620. The most common rental property sizes in Iowa Colony, TX are 3-bedroom and 2-bedroom, accounting for 43.3% and 29.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,480 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,000 | $1,120 |
| 2 Bed Rent | $1,200 | $1,330 |
| 3 Bed Rent | $2,300 | $2,320 |
| 4 Bed Rent | $2,540 | $2,620 |
% of Rental Stock
Property Listings — Iowa Colony, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Iowa Colony, TX is 46. This is a increase of 10.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $343,000 | -4.0% |
Listing Count | 566 | 4.0% |
| Listings as % of Homes | 3.2% | 4.0% |
Days on Market | 46 | 10.0% |
Demographics — Iowa Colony, TX
As of the latest ACS Survey released in 2023, Iowa Colony, TX has a population of 47,600, which has increased by 29.1% over the past 5 years. Iowa Colony, TX is a moderately popular place for families, as children make up 25.0% of the population. The area has a moderately educated workforce, with 32.4% 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 | 47,600 | 29.1% |
% Under 18 | 25.0% | -4.2% |
% Seniors | 6.5% | -19.8% |
% WFH | 12.2% | 64.9% |
% w/ College Degree | 32.4% | 63.6% |
As of the latest ACS Survey released in 2023, Iowa Colony, TX is a predominantly hispanic area, with 37.7% of the population identifying as hispanic. The hispanic population has shrunk by 8.9% in the last 5 years. The second most common race or ethnicity in Iowa Colony, TX is black, making up 34.6% of the population. Foreign-born residents account for 15.6% of the population in Iowa Colony, TX, and this percentage has decreased by 12.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 20.3% | -23.4% |
% Black | 34.6% | 34.1% |
% Hispanic | 37.7% | -8.9% |
% Asian | 4.7% | 9.3% |
% Foreign Born | 15.6% | -12.4% |
Mortgage and Risk — Iowa Colony, TX
According to HUD data as of 2023, there were 2336 mortgage originations in Iowa Colony, TX, of which 53.0% of loans were conventional mortgages. The average loan-to-value was 85.0%, with 62.0% above 90% LTV (very high). This implies large mortgage risk in Iowa Colony, TX. Investor activity is low, as 1.0% of loans were by investors. 2.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 2,336 |
% Conventional Loans | 53.0% |
% Government Loans | 47.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 2.0% |
Loan Activity
Rentals and Section 8 — Iowa Colony, TX
As of 2024, the percent of homes in Iowa Colony, TX under the Section 8 program is 0.2%. 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 units appear to be good home sizes to consider for Section 8 housing in Iowa Colony, TX, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $70 | $1,000 | $1,070 |
| 2 Bedroom | $0 | $1,200 | $1,200 |
| 3 Bedroom | -$700 | $2,300 | $1,600 |
| 4 Bedroom | -$530 | $2,540 | $2,010 |
Affordability — Iowa Colony, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $322,000 |
| Median Household Income | $108,000 |