New Albin Iowa Area Home Supply Charts

This page looks at a variety of New Albin 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. New Albin depicts it has a Housing Units of 283 which is the third most housing units of all other places in the greater New Albin region.

Figure 2 illustrates the housing density in the New Albin housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) New Albin indicates it has a Housing Density of 1165.6 which is the largest of all places in the greater New Albin region. Comparing housing density to the United States average of 38.9, New Albin is very much bigger. Also, in comparison with the state of Iowa, housing density of 25.0, New Albin is considerably bigger.

In Figure 4, New Albin area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. New Albin depicts it has a Housing Unit Change of 10.1% which is the second most of all the places in the local area. The city with the highest change in the housing units in the area is De Soto which depicts a housing units of 19.9% (about twice as large). Comparing change in the housing units to the United States average of 5.7%, New Albin is 78.0% larger. Also, compared with the state of Iowa, change in the housing units of 4.5%, New Albin is approximately 2.2 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.) New Albin shows it has a Renter Percent of 26.0% which is the third most renter percent of all other places in the greater New Albin region. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 74.0% which is less than most other places in the greater region.

New Albin Iowa Home Cost Charts

Looking at the housing data provided in Figure 7, the average New Albin home price is illustrated for this community and a useful analysis of affordable housing. New Albin depicts it has a Median Home Value of $98,500 which is the smallest as measured by median home price of all the other places in the local area. The city with the highest median home price in the area is Ferryville which depicts a home price of $168,100 (70.7% larger). Figure 8 provides aggregate comparative data for the New Albin Iowa metro area in terms of the median housing rental rate, apartment rent, etc. New Albin depicts it has a Median Gross Rent of $383 which is the smallest as measured by rental rates of all the other places in the area. The city with the highest rental rates in the area is Eitzen which depicts a rental rates of $820 (about twice as large). Comparing rental rates to the United States average of $1,062, New Albin is approximately a third the size. Also, compared to the state of Iowa, rental rates of $789, New Albin is approximately half the size.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. New Albin has the percentage of home price worth less than $50,000 less than most other places in the surrounding region at 31% of the total. Second, it has the smallest proportion of home price worth between $100,000 to $200,000 at 6% of the total.

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. New Albin depicts it has a Median Owner Cost of $630 which is the second smallest in terms of median ownership cost of all the other places in the greater region. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the New Albin metro area. it has a Owner Cost as % of HH Income of 17% which is less than most other places in the metro area. 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. New Albin depicts it has a Median Home Value as Percent of Median Earnings of 327% which is more than all other places in the greater New Albin 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.) New Albin depicts it has a Median Owner Costs-With Mortgage of $830 which is the smallest when ranked by median housing cost of all the other places in the local area. 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 less than most other places in the local area.

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. New Albin has one of the largest proportions of owner cost less than $300 at 23% of the total and is ranked #2. The only larger city being Lansing with 35%. 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 second smallest as measured by owner cost less than $300 of all the other places in the metro area in order of owner cost between $700 and $1,000 at 14% of the total.

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.) New Albin depicts it has a % of Income Owner Costs-With Mortgage of 19% which is less than most other places in the metropolitan area. The city with the highest cost as a percent of household income in the area is Lansing which depicts a cost as a percent of household income of 28% (47.4% 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. New Albin shows it has a % of Income Owner Costs-No Mortgage of 14% which is in the mid point range of other places in the metropolitan area. The city with the highest cost as a percent of household income in the area is Ferryville which depicts a cost as a percent of household income of 20% (37.1% larger).

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.) New Albin has the largest proportion of rent as a percent of income is between 10pct to 20pct at 77% of the total and is ranked #1.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. New Albin has the largest proportion of housing cost less than $300 at 38% of the total and is ranked #1. Second, it has the smallest proportion of housing cost between $700 and $1,000 at 11% of the total.

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 $1,321 which is the second smallest when sorted by median real estate taxes paid of all the other places in the metro area. The city with the highest median real estate taxes paid in the area is Ferryville which shows a taxes paid of $3,325 (approximately 2.5 times bigger). Comparing median real estate taxes paid to the United States average of $2,471, New Albin is approximately half the size. Also, compared to the state of Iowa, median real estate taxes paid of $2,315, New Albin is approximately half the size.

Figure 23 shows the rental rate distribution for this area. New Albin Iowa has the largest proportion of rent less than 300 dollars at 84% of the total and is ranked #1. Second, it has the smallest proportion of rent between 300 and 500 dollars at 6% of the total. Third, it has in the mid range of other places in the greater region when ranked by rent between 500 and 750 dollars at 7% of the total.

New Albin Iowa Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. New Albin has the largest proportion of 2nd mortgage or heloc-not both at 4% of the total and is ranked #1.

New Albin Iowa Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 2.9 which is the second most of all the places in the area. The city with the highest family members per housing unit in the area is De Soto which depicts a family members per housing unit of 3.0 (only about 4.8% larger). Comparing family members per housing unit to the United States average of 3.3, New Albin is about 14.2% smaller. Also, compared to the state of Iowa, family members per housing unit of 3.1, New Albin is only about 5.0% smaller.

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 5.5 which is less than most other places in the metro area. The city with the highest average number of rooms in a house in the area is Eitzen which depicts an average number of rooms in a house of 6.2 (12.7% 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 1971 which is the second most of all the places in the greater region. The city with the highest year built in the area is Ferryville which depicts a year built of 1986 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. has the percentage of homes built between 2010 to 2013 the second smallest when ranked by homes built in 2014 or later of all the other places in the local area at 8% of the total. Second, it has less than most other places in the greater region when ranked by homes built between 2000 to 2009 at 5% of the total. Third, it has the largest proportion of homes built between 1980 to 1989 at 34% of the total and is ranked #1. Also, it has less than most other places in the surrounding region as measured by homes built between 1960 to 1969 at 5% of the total. In addition, it has in the center range of other places in the metro area in order of homes built between 1940 to 1949 at 26% 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. it has one of the largest proportions of owner housing units at 69 of the total and is ranked #3. Only #2 Stoddard (100), and #1 Lansing (121) are larger.

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 3 or 4 units at 22% of the total and is ranked #1. Second, it has the largest proportion of 50 or more units at 13% 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. it has one of the largest proportions of value of homes built 2010 to 2013 at $193,800 of the total and is ranked #3. Only #2 Stoddard ($201,900), and #1 Ferryville ($205,000) are larger. Second, it has less than most other places in the metropolitan area in terms of value of homes built 2000 to 2009 at $53,800 of the total. Third, it has in the mid point range of other places in the local area when sorted by value of homes built 1980 to 1989 at $128,100 of the total. Also, it has the second smallest when ranked by value of homes built 2014 or later of all the other places in the greater region in terms of value of homes built 1970 to 1979 at $68,100 of the total. In addition, it has one of the largest proportions of value of homes built 1960 to 1969 at $107,500 of the total and is ranked #3. Only #2 Stoddard ($127,900), and #1 Ferryville ($137,500) are larger. Furthermore, it has in the mid range of other places in the local area as measured by value of homes built 1950 to 1959 at $81,700 of the total. Next it has in the mid range of other places in the area when sorted by value of homes built 1940 to 1949 at $101,100 of the total.

Figure 35 compares the total number of occupied housing units to vacant housing units. This analysis can be used to understand any housing shortage in the community. has the percentage of occupied housing units less than most other places in the area at 6% 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 New Albin residents. it has a Owner-Household Size of 2.4 which is the second most homeowner household size of all the places in the greater New Albin region. The city with the highest homeowner household size in the area is De Soto which shows a homeowner household size of 2.4 ( about the same size).

Figure 37 shows the household size for renters. New Albin depicts it has a Renter-Household Size of 1.3 which is the second smallest when ranked by renter household size of all the other places in the greater region. The city with the highest renter household size in the area is Genoa which depicts a renter household sizes of 2.9 (about twice as large). Figure 38 shows the year that people who own homes moved into this region. has the smallest proportion of owners moved in 2017 or later at 2% of the total. Second, it has one of the largest proportions of owners moved in 2015 to 2016 at 24% of the total and is ranked #3. Only #2 Eitzen (28%), and #1 Genoa (28%) are larger. Third, it has the second smallest when sorted by owners moved in 2017 or later of all the other places in the area as measured by owners moved in 2010 to 2014 at 23% of the total. Also, it has the largest proportion of owners moved in 2000 to 2009 at 21% of the total and is ranked #1. In addition, it has the largest proportion of owners moved in 1990 to 1999 at 23% of the total and is ranked #1. Figure 39 shows the year that people who rent moved into the area. New Albin has the percentage of renters moved in 2017 or later the second smallest in order of renters moved in 2017 or later of all the other places in the metropolitan area at 5% of the total. Second, it has one of the largest proportions of renters moved in 2015 to 2016 at 86% of the total and is ranked #2. The only larger city being Ferryville with 100%.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2002 which is the smallest in terms of median year that a home owner moved in of all the other places in the greater region. Figure 41 compares the median year that renters moved into their home. New Albin shows it has a Renter Median Year Moved In of 2012 which is less than most other places in the surrounding region.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. has the smallest proportion of homes using natural gas at 51% of the total. Second, it has the largest proportion of home using bottled, tank, or lp gas at 28% of the total and is ranked #1. Third, it has the largest proportion of homes using coal or coke at 12% of the total and is ranked #1.