CostBy County

Cost of Living in Grundy County, Iowa

$774/mo
Median Monthly Rent
$198,800
Median Home Value

At a Glance

Median Monthly Rent
$774/mo
7% below state average
Median Home Value
$198,800
40% below national
Census GRAPI
23.4%
Median gross rent as % of renter income

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Affordable
Median gross rent is under 30% of renter household income

These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.

How Grundy County Compares

Median monthly rent comparison

Grundy County$774/mo
Iowa Average$832/mo
National Median$1,413/mo

Detailed Housing Stats

$774/mo
Median Gross Rent
$198,800
Median Home Value
$1,105/mo
Monthly Owner Cost
23.4%
Census GRAPI

National Ranking

Affordability Rank

Grundy County ranks #1,647 of 3,142 counties for affordability (bottom 48%)

Most AffordableLeast Affordable

Sourced county brief

Grundy County Median Monthly Owner Costs Reach $1,105

Grundy County's median selected monthly owner costs for all owner-occupied units are $1,105, which is $155 above the unweighted county mean of $950 for the state of Iowa. The median home value is $198,800, exceeding the state unweighted county mean of $171,037. For renters, the median gross rent is $774 per month, while the unweighted county mean for the state is $832. The official ACS B25071 median gross rent as a percentage of household income (GRAPI) is 23.4%. This figure is 2 percentage points lower than the Iowa unweighted county mean of 25.4%. Median renter-household income in the county was estimated at $38,523. Data are based on the ACS 2020-2024 5-Year Estimates. Data version: acs5-2020-2024. Methodology version: cost-brief-v1. Last reviewed at: 2026-07-10. See ACS table B25071 for the underlying estimate.

Cost of Living Advisory: Grundy County

Affordability Verdict

ACS B25071 estimates median gross rent at 23.4% of renter household income in Grundy County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.

Rent vs. Own

Median gross rent is $774 per month; median selected monthly owner costs are $1,105. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.

Income Needed

Using the common 30% budgeting benchmark, $30,960 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.

Regional Context

The Iowa unweighted mean of county median rents is $832 per month. Grundy County's $774 median is 7.0% below that comparison value.

Data version acs5-2020-2024 · Method cost-advisory-v2

Affordability Calculator

See how your income compares to housing costs in Grundy County

$

Rent Burden

10.7%

of gross income

Max Housing (28% Rule)

$2,035

per month

Owner Cost Burden

15.2%

of gross income

You can likely afford the median home in Grundy County

Median home value is $198,800. Estimated monthly cost: $1,587 vs. your max of $2,035.

Rent Affordability Guide

Your entered rent as a share of entered income10.7%
Recommended max30.0%

Income Needed Calculator

See how much you need to earn to comfortably afford housing

$
Rent Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $87,205Needed: $30,960
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $87,205Needed: $47,357
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $87,205Needed: $46,266

Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.

Frequently Asked Questions

What is the cost of living in Grundy County, Iowa?
Grundy County, Iowa has a median monthly rent of $774/mo and a median home value of $198,800. The affordability rating is Affordable, with median gross rent equal to approximately 23.4% of renter household income.
What is the median rent in Grundy County?
The median gross rent in Grundy County is $774/mo. This is 7% below state average for Iowa.
Is Grundy County affordable?
Grundy County is rated Affordable using the Census median gross-rent-as-a-percentage-of-income measure of 23.4%. Median gross rent is under 30% of renter household income.
How does Grundy County's rent compare to the state average?
Grundy County's median rent of $774/mo is 7% below state average of $832/mo for Iowa.
What is the median home value in Grundy County?
The median home value in Grundy County, Iowa is $198,800. This is 40% below the national median home value of $332,700.

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Published by the CostByCounty Editorial Team. See our methodology and corrections policy.Data build reviewed 2026-07-09; first published 2026-03-10.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.

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