Burr Oak CDP Iowa Area Home Supply Charts

This page looks at a variety of Burr Oak CDP Iowa housing market data taken from the most recent 2020 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Burr Oak CDP depicts it has a Housing Units of 98 which is the smallest when sorted by housing units of all the other places in the local area.

Figure 2 illustrates the housing density in the Burr Oak CDP housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Burr Oak CDP shows it has a Housing Density of 142.1 which is the second smallest in terms of housing density of all the other places in the metro area. The place with the highest housing density in the area is Mabel which shows a density of 897.7 ( considerably bigger). Comparing housing density to the United States average of 38.9, Burr Oak CDP is approximately 3.7 times bigger. Also, in comparison with the state of Iowa, housing density of 25.0, Burr Oak CDP is appreciably bigger.

In Figure 4, Burr Oak CDP area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Burr Oak CDP depicts it has a Housing Unit Change of 22.5% which is more than all other places in the greater region. Comparing change in the housing units to the United States average of 5.7%, Burr Oak CDP is approximately 4.0 times bigger. Also, measured against the state of Iowa, change in the housing units of 4.5%, Burr Oak CDP is approximately 5.0 times bigger.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Burr Oak CDP shows it has a Renter Percent of 21.3% which is less than most other places in the greater region. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 78.7% which is the third most owner percent of all other places in the greater Burr Oak CDP region.

Burr Oak CDP Iowa Home Cost Charts

Looking at the housing data provided in Figure 7, the average Burr Oak CDP home price is illustrated for this community and a useful analysis of affordable housing. Burr Oak CDP depicts it has a Median Home Value of $154,800 which is the second most median home prices of all the places in the greater Burr Oak CDP region. The place with the highest median home price in the area is Decorah which depicts a home price of $189,700 (22.5% larger). Figure 8 provides aggregate comparative data for the Burr Oak CDP Iowa metro area in terms of the median housing rental rate, apartment rent, etc. Burr Oak CDP depicts it has a Median Gross Rent of $679 which is the second most rental rates of all the places in the greater Burr Oak CDP region. The place with the highest rental rates in the area is Mabel which shows a rental rates of $755 (11.2% larger). Comparing rental rates to the United States average of $1,062, Burr Oak CDP is approximately three-fourths the size. Also, in contrast to the state of Iowa, rental rates of $789, Burr Oak CDP is about 16.2% smaller.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Burr Oak CDP has the smallest proportion of home price worth less than $50,000 at 9% of the total. Second, it has the largest proportion of home price worth between $50,000 to $100,000 at 70% of the total and is ranked #1.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Burr Oak CDP shows it has a Median Owner Cost of $645 which is the second smallest when ranked by median ownership cost of all the other places in the metro area. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Burr Oak CDP metro area. it has a Owner Cost as % of HH Income of 13% which is the smallest as measured by cost as a percent of household income of all the other places in the greater region. The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Burr Oak CDP depicts it has a Median Home Value as Percent of Median Earnings of 336% which is the second most of all the places in the greater region.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Burr Oak CDP depicts it has a Median Owner Costs-With Mortgage of $1,063 which is the third most median housing cost of all other places in the greater Burr Oak CDP region. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $450 which is the third most median housing cost of all other places in the greater Burr Oak CDP region.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Burr Oak CDP has the smallest proportion of owner cost less than $300 at 9% of the total. Second, it has the largest proportion of owner cost between $300 and $500 at 29% of the total and is ranked #1. Third, it has the smallest proportion of owner cost between $500 and $700 at 9% of the total. Also, it has the smallest proportion of owner cost between $700 and $1,000 at 9% of the total. In addition, it has the largest proportion of owner cost between $1,000 and $1,500 at 24% of the total and is ranked #1.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Burr Oak CDP shows it has a % of Income Owner Costs-With Mortgage of 14% which is the smallest in order of cost as a percent of household income of all the other places in the local area. The place with the highest cost as a percent of household income in the area is Decorah which shows a cost as a percent of household income of 20% (48.6% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Burr Oak CDP shows it has a % of Income Owner Costs-No Mortgage of 9% which is in the mid point range of other places in the metro area. The place with the highest cost as a percent of household income in the area is Ridgeway which depicts a cost as a percent of household income of 21% (approximately 2.3 times bigger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Burr Oak CDP has the smallest proportion of rent as a percent of income is less than 10 pct at 11% of the total. Second, it has less than most other places in the area as measured by rent as a percent of income is between 10pct to 20pct at 11% of the total. Third, it has less than most other places in the greater region as measured by rent as a percent of income is between 40pct to 50pct at 11% of the total.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Burr Oak CDP has the largest proportion of housing cost between $300 and $500 at 37% of the total and is ranked #1. Second, it has the smallest proportion of housing cost between $500 and $700 at 11% of the total. Third, it has the smallest proportion of housing cost between $700 and $1,000 at 7% of the total. Also, it has the largest proportion of housing cost between $1,000 and $1,500 at 19% of the total and is ranked #1.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $1,125 which is the second smallest in terms of median real estate taxes paid of all the other places in the local area. The place with the highest median real estate taxes paid in the area is Decorah which indicates a taxes paid of $2,923 (approximately 2.6 times bigger). Comparing median real estate taxes paid to the United States average of $2,471, Burr Oak CDP is approximately half the size. Also, compared to the state of Iowa, median real estate taxes paid of $2,315, Burr Oak CDP is approximately half the size.

Figure 23 shows the rental rate distribution for this area. Burr Oak CDP Iowa has the percentage of rent less than 300 dollars the second smallest when ranked by rent less than 300 dollars of all the other places in the local area at 11% of the total. Second, it has the largest proportion of rent between 300 and 500 dollars at 89% of the total and is ranked #1.

Burr Oak CDP Iowa Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Burr Oak CDP has one of the largest proportions of both 2nd mortgage and heloc at 61% of the total and is ranked #2. The only larger place being Ridgeway with 70%.

Burr Oak CDP Iowa Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.7 which is at the top of all other places in the surrounding region. Comparing family members per housing unit to the United States average of 3.3, Burr Oak CDP is 12.2% larger. Also, compared to the state of Iowa, family members per housing unit of 3.1, Burr Oak CDP is 22.0% larger.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 6.3 which is the third most average number of rooms in a house of all other places in the greater Burr Oak CDP region. The place with the highest average number of rooms in a house in the area is Harmony which shows an average number of rooms in a house of 6.7 (6.3% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1987 which is the most of all places in the area.

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has the largest proportion of homes built between 2010 to 2013 at 20% of the total and is ranked #1. Second, it has the largest proportion of homes built between 2000 to 2009 at 26% of the total and is ranked #1. Third, it has the smallest proportion of homes built between 1990 to 1999 at 3% of the total. Also, it has the smallest proportion of homes built between 1940 to 1949 at 19% of the total.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. has the smallest proportion of owner housing units at 19 of the total.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. it has the largest proportion of 50 or more units at 11% of the total and is ranked #1.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. has the percentage of value of homes built 2010 to 2013 in the mid point range of other places in the local area at $177,300 of the total. Second, it has in the intermediate range of other places in the local area in order of value of homes built 2000 to 2009 at $162,500 of the total.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Burr Oak CDP residents. it has a Owner-Household Size of 2.4 which is at the top of all other places in the greater Burr Oak CDP region.

Figure 37 shows the household size for renters. Burr Oak CDP depicts it has a Renter-Household Size of 2.0 which is the second most of all the places in the area. The place with the highest renter household size in the area is Spring Grove which depicts a renter household sizes of 2.0 ( only slightly larger). Figure 38 shows the year that people who own homes moved into this region. it has one of the largest proportions of owners moved in 2017 or later at 11% of the total and is ranked #2. The only larger place being Decorah with 15%. Second, it has the second smallest when sorted by owners moved in 2017 or later of all the other places in the local area in terms of owners moved in 2015 to 2016 at 11% of the total. Third, it has the smallest proportion of owners moved in 2010 to 2014 at 4% of the total. Also, it has the largest proportion of owners moved in 2000 to 2009 at 56% of the total and is ranked #1. Figure 39 shows the year that people who rent moved into the area. Burr Oak CDP has the largest proportion of renters moved in 2015 to 2016 at 79% of the total and is ranked #1.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 1998 which is the smallest in order of median year that a home owner moved in of all the other places in the area. Figure 41 compares the median year that renters moved into their home. Burr Oak CDP depicts it has a Renter Median Year Moved In of 2012 which is the smallest in terms of median year that a renter moved in of all the other places in the local area.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. it has the largest proportion of homes using natural gas at 92% of the total and is ranked #1. Second, it has the smallest proportion of home using bottled, tank, or lp gas at 3% of the total. Third, it has the largest proportion of homes using coal or coke at 4% of the total and is ranked #1.