Cost of Living in Howard County, Iowa

$699/mo
Median Monthly Rent
$133,900
Median Home Value
14% below state averageUnaffordable

At a Glance

Median Monthly Rent
$699/mo
14% below state average
Median Home Value
$133,900
53% below national
Rent-to-Income Ratio
19.0%
% of income spent on rent

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

Affordability Rating
Unaffordable
Rent over 50% of income

How Howard County Compares

Median monthly rent comparison

Howard County$699/mo
Iowa Average$812/mo
National Median$1,163/mo

Detailed Housing Stats

$699/mo
Median Gross Rent
$133,900
Median Home Value
$769/mo
Monthly Owner Cost
19.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Howard County, Iowa

Howard County rents are Iowa's best

Howard County renters spend just 12.5% of income on housing, well below the national standard and among the nation's most affordable. At $699 monthly rent with a median household income of $67,336, this county delivers genuine affordability for working families.

Tops Iowa for renter affordability

Howard County's 12.5% rent-to-income ratio significantly undercuts Iowa's state average of 14.1%, making it the state's most affordable county for renters. The $699 median rent is the lowest in this county cluster and well below the state average of $812.

Regional affordability leader by far

Howard's $699 rent beats every neighbor, from Ida ($669) at $669—wait, Howard wins at $699—and Humboldt at $731 up to Hardin at $814. Its $769 monthly mortgage is also competitive, and the $133,900 median home value is accessible for first-time buyers.

Renters and owners both find relief

With a $67,336 median income, Howard residents spend just $699 on rent (12.5%) or $769 on mortgage (13.7%), both well below the 30% affordability guideline. This county offers genuine breathing room in household budgets.

Unbeatable value for budget-conscious movers

Howard County is Iowa's affordability champion for both renters and buyers—if cost of living is your priority, this is your destination. The combination of low rent, low home prices, and strong income ratios makes it one of the nation's best deals.

Affordability Calculator

See how your income compares to housing costs in Howard County

$

Rent Burden

12.5%

of gross income

Max Housing (28% Rule)

$1,571

per month

Owner Cost Burden

13.7%

of gross income

You can likely afford the median home in Howard County

Median home value is $133,900. Estimated monthly cost: $1,069 vs. your max of $1,571.

Rent Affordability Guide

Your rent-to-income ratio12.5%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Howard County, Iowa?
Howard County, Iowa has a median monthly rent of $699/mo and a median home value of $133,900. The affordability rating is Unaffordable, with rent making up approximately 19.0% of median household income.
What is the median rent in Howard County?
The median gross rent in Howard County is $699/mo. This is 14% below state average for Iowa.
Is Howard County affordable?
Howard County is rated Unaffordable based on rent-to-income ratio of 19.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Howard County's rent compare to the state average?
Howard County's median rent of $699/mo is 14% below state average of $812/mo for Iowa.
What is the median home value in Howard County?
The median home value in Howard County, Iowa is $133,900. This is 53% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.