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Grimes, IA—50111

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$349,000
0.7% YoY Growth
Household Income
$108,000
18.7% YoY Growth
Days on Market
58
23.0% Shorter YoY
Home Price Forecast
0.4%
Median Rent
$1,850
10.4% YoY Growth
1-Bed Rent
$961
28.3% YoY Growth
2-Bed Rent
$850
11.1% YoY Growth
3-Bed Rent
$1,900
2.6% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Grimes, IA

As of May '26, the median home price in Grimes, IA is $349,000, with a year-over-year change of -0.7%. This indicates that home prices in Grimes, IA are flat. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$349,000-0.7%
Single Family $358,000-0.8%
Condos $219,000-1.4%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$221,000-1.3%
    3 Bed
    		$325,000-1.2%
    4 Bed
    		$407,000-0.5%
    5 Bed $539,7860.6%
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    % of Housing Stock

    Studio
    0.8%
    1 Bedroom
    6.4%
    2 Bedrooms
    28.7%
    3 Bedrooms
    29.7%
    4 Bedrooms
    27.8%
    5+ Bedrooms
    6.7%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    2.7%
    1 Bedroom
    22.1%
    2 Bedrooms
    48.1%
    3 Bedrooms
    12.9%
    4 Bedrooms
    14.2%

    Property Listings — Grimes, IA

    As of May '26, Realtor.com reports that the median days on market for a home in Grimes, IA is 58. This is a decrease of -23.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 11.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$360,000-13.0%
    Listing Count
    		17520.0%
    Listings as % of Homes1.3%20.0%
    Days on Market
    		58-23.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		16,30018.1%
    % Under 18
    		27.6%-9.8%
    % Seniors
    		7.9%-24.8%
    % WFH
    		24.4%419.1%
    % w/ College Degree
    		48.1%15.1%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio3.1
    Median Home Price$349,000
    Median Household Income$108,000

    Grimes, IA — ZIP Code Boundary Map

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    Frequently Asked Questions