What is the average home price in Grinnell, IA 50112?

As of May '26, the median home price in Grinnell, IA 50112 is $226,000, based on Zillow home estimates.

How have home prices in Grinnell, IA 50112 changed over the past year?

As of May '26, home prices have increased 7.3% over the past year, according to Zillow home estimates data.

What is the home price projection for Grinnell, IA 50112?

As of May '26, Zillow projects home prices in Grinnell, IA 50112 to decrease N/A in the next year.

What are the demographics of Grinnell, IA 50112?

According to the latest Census, the demographics of Grinnell, IA 50112 are 88.7% White, 1.9% Black, 3.2% Asian, 3.3% Hispanic. The population is 11,800, with 18.3% under 18 years old.

How long does it take homes to sell in Grinnell, IA 50112?

According to Realtor.com, as of May '26, the median home in Grinnell, IA 50112 is on the market for 66 days. This is an increase of 9.0% from last year.

What is the average rent price in Grinnell, IA 50112?

The average rent price in Grinnell, IA 50112, as of the latest data, is $1,130. The average rent for 1 bedroom homes is $994. For 2, 3, and 4 bedroom homes, the average rent is $832, $1,190, and $2,500 respectively.

Grinnell, IA 50112 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Grinnell, IA—50112

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$226,000

7.3% YoY Growth

Household Income

$64,700

27.8% YoY Growth

Days on Market

9.0% Longer YoY

Home Price Forecast

N/A

Median Rent

$995

25.4% YoY Growth

1-Bed Rent

$1,020

10.4% YoY Growth

2-Bed Rent

$825

2.8% YoY Growth

3-Bed Rent

$995

9.2% YoY Growth

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	$226,000	7.3%
Single Family	$231,000	6.9%
Condos	$136,000	11.5%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

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

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% of Rental Stock

Studio

5.3%

1 Bedroom

26.0%

2 Bedrooms

52.4%

3 Bedrooms

13.3%

4 Bedrooms

3.0%

Property Listings — Grinnell, IA

As of May '26, Realtor.com reports that the median days on market for a home in Grinnell, IA is 66. This is a increase of 9.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$230,000	2.0%
Listing Count	65	5.0%
Listings as % of Homes	0.6%	5.0%
Days on Market	66	9.0%

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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%

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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%

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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%

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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

Grinnell, IA—50112

Key Metrics at a Glance

Home Price Trends — Grinnell, IA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Grinnell, IA

% of Rental Stock

Property Listings — Grinnell, IA

Demographics — Grinnell, IA

Race and Ethnicity

Mortgage and Risk — Grinnell, IA

Mortgages

Rentals and Section 8 — Grinnell, IA

Section 8 Market Size

Section 8 Opportunity

Affordability — Grinnell, IA

Home Price to Income Ratio

Grinnell, IA — ZIP Code Boundary Map

Nearby ZIP Codes

Kellogg, IA

Gilman, IA

Lynnville, IA

Sully, IA

Killduff

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.1
Median Home Price	$226,000
Median Household Income	$64,700