Polk City Iowa Area Home Supply Charts

This page looks at a variety of Polk City Iowa housing market data taken from the most recent 2022 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. Polk City shows it has a Housing Units of 1,924 which is the third most housing units of all other places in the greater Polk City region.

Figure 2 illustrates the housing density in the Polk City housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Polk City shows it has a Housing Density of 383.6 which is less than most other places in the area. The city with the highest housing density in the area is Ankeny which depicts a density of 910.9 (approximately 2.4 times bigger). Comparing housing density to the United States average of 39.5, Polk City is appreciably bigger. Also, compared to the state of Iowa, housing density of 25.1, Polk City is appreciably bigger.

In Figure 4, Polk City area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Polk City shows it has a Housing Unit Change of 50.8% which is the second most housing units of all the places in the greater Polk City region. The city with the highest change in the housing units in the area is Granger which depicts a housing units of 60.6% (19.4% larger). Comparing change in the housing units to the United States average of 7.4%, Polk City is appreciably bigger. Also, versus the state of Iowa, change in the housing units of 5.3%, Polk City is appreciably 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.) Polk City shows it has a Renter Percent of 11.1% which is the second smallest in terms of renter percent of all the other places in the metropolitan area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 88.9% which is the second most of all the places in the local area.

Polk City Iowa Home Cost Charts

Looking at the housing data provided in Figure 7, the average Polk City home price is illustrated for this community and a useful analysis of affordable housing. Polk City depicts it has a Median Home Value of $326,400 which is is the uppermost of the places in the local area. Figure 8 provides aggregate comparative data for the Polk City Iowa metro area in terms of the median housing rental rate, apartment rent, etc. Polk City indicates it has a Median Gross Rent of $1,010 which is in the middle range of other places in the surrounding region. The city with the highest rental rates in the area is Johnston which depicts a rental rates of $1,163 (15.1% larger). Comparing rental rates to the United States average of $1,163, Polk City is about 15.1% smaller. Also, compared to the state of Iowa, rental rates of $845, Polk City is 19.5% larger.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Polk City has the percentage of home price worth between $50,000 to $100,000 the second smallest as measured by home price worth less than $50,000 of all the other places in the local area at 17% of the total. Second, it has the second smallest as measured by home price worth less than $50,000 of all the other places in the metropolitan area when sorted by home price worth between $100,000 to $200,000 at 22% of the total. Third, it has the largest proportion of home price worth between $200,000 to $300,000 at 35% of the total and is ranked #1. Also, it has the largest proportion of home price worth between $300,000 to $400,000 at 17% of the total and is ranked #1. In addition, it has the largest proportion of home price worth between $400,000 to $500,000 at 7% 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. Polk City depicts it has a Median Owner Cost of $1,839 which is the most of all places in the surrounding region. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Polk City metro area. it has a Owner Cost as % of HH Income of 17% which is the third most of all other places in the metropolitan 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. Polk City depicts it has a Median Home Value as Percent of Median Earnings of 448% which is more than all other places in the greater Polk City 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.) Polk City shows it has a Median Owner Costs-With Mortgage of $2,034 which is the second most median housing cost of all the places in the greater Polk City 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 $826 which is the most of all places in the greater Polk City 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. Polk City has the smallest proportion of owner cost between $300 and $500 at 4% of the total. Second, it has the second smallest as measured by owner cost less than $300 of all the other places in the metro area when ranked by owner cost between $700 and $1,000 at 18% of the total. Third, it has the largest proportion of owner cost between $2,500 and $3,000 at 12% 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.) Polk City depicts it has a % of Income Owner Costs-With Mortgage of 18% which is less than most other places in the surrounding region. The city with the highest cost as a percent of household income in the area is Ankeny which shows a cost as a percent of household income of 19% (9.7% 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. Polk City shows it has a % of Income Owner Costs-No Mortgage of 9% which is less than most other places in the area. The city with the highest cost as a percent of household income in the area is Sheldahl which shows a cost as a percent of household income of 13% (42.2% 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.) Polk City has one of the largest proportions of rent as a percent of income is less than 10 pct at 43% of the total and is ranked #2. The only larger city being Slater with 51%. Second, it has in the mid range of other places in the local area when ranked by rent as a percent of income is between 10pct to 20pct at 27% of the total. Third, it has the largest proportion of rent as a percent of income is between 40pct to 50pct at 29% 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. Polk City has the smallest proportion of housing cost between $700 and $1,000 at 22% of the total. Second, it has the largest proportion of housing cost between $2,500 and $3,000 at 13% 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 $5,812 which is the second most of all the places in the metro area. The city with the highest median real estate taxes paid in the area is Johnston which depicts a taxes paid of $6,059 (only about 4.2% larger). Comparing median real estate taxes paid to the United States average of $2,690, Polk City is about twice as large. Also, in contrast to the state of Iowa, median real estate taxes paid of $2,522, Polk City is approximately 2.3 times bigger.

Figure 22 shows the percentage of renters who pay for utilities in Polk City Iowa. This is calculated as the percent of renters who pay separately for utilities versus the people who have utilities included as part of amenities. Polk City has the largest proportion of pay extra for utilities at 29% of the total and is ranked #1.

Figure 23 shows the rental rate distribution for this area. Polk City Iowa has the largest proportion of rent between 300 and 500 dollars at 36% of the total and is ranked #1. Second, it has the second smallest when ranked by rent less than 300 dollars of all the other places in the greater region as measured by rent between 500 and 750 dollars at 13% of the total. Third, it has one of the largest proportions of rent between 750 and 1000 dollars at 51% of the total and is ranked #2. The only larger city being Johnston with 53%.

Polk City Iowa Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Polk City has the largest proportion of With mortgage at 70% of the total and is ranked #1. Second, it has the largest proportion of Primary Mortgage and HELOC at 6% of the total and is ranked #1. Third, it has the smallest proportion of With HELOC no Primary Mortgage at 16% of the total.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. Polk City has the smallest proportion of houses with mortgages at 16% of the total.

Polk City Iowa Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.2 which is the second most family members per housing unit of all the places in the greater Polk City region. The city with the highest family members per housing unit in the area is Ankeny which depicts a family members per housing unit of 3.2 ( only slightly larger). Comparing family members per housing unit to the United States average of 3.3, Polk City is only about 3.2% smaller. Also, in comparison with the state of Iowa, family members per housing unit of 3.1, Polk City is only about 3.1% 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 6.9 which is the second most average number of rooms in a house of all the places in the greater Polk City region. The city with the highest average number of rooms in a house in the area is Alleman which shows an average number of rooms in a house of 7.3 (only about 5.8% 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 2005 which is the largest of all places in the metro area.

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has one of the largest proportions of homes built in 2020 or later at 31% of the total and is ranked #2. The only larger city being Ankeny with 33%. Second, it has one of the largest proportions of homes built between 2010 to 2019 at 32% of the total and is ranked #3. Only #2 Johnston (32%), and #1 Granger (37%) are larger. Third, it has the smallest proportion of homes built between 1990 to 1999 at 1% of the total. Also, it has less than most other places in the area as measured by homes built between 1940 to 1949 at 3% 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 207 of the total and is ranked #3. Only #2 Johnston (2,704), and #1 Ankeny (7,223) 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 one unit detached at 17% of the total and is ranked #1. Second, it has one of the largest proportions of 2 units at 6% of the total and is ranked #2. The only larger city being Slater with 6%.

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 2014 or later at $389,700 of the total and is ranked #2. The only larger city being Johnston with $418,300. Second, it has the largest proportion of value of homes built 2010 to 2013 at $339,700 of the total and is ranked #1. Third, it has less than most other places in the surrounding region in order of value of homes built 2000 to 2009 at $233,200 of the total. Also, it has the largest proportion of value of homes built 1980 to 1989 at $221,300 of the total and is ranked #1. In addition, it has less than most other places in the metro area as measured by value of homes built 1940 to 1949 at $164,400 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 Polk City residents. it has a Owner-Household Size of 2.8 which is the largest of all places in the greater Polk City region.

Figure 37 shows the household size for renters. Polk City shows it has a Renter-Household Size of 3.2 which is more than all other places in the greater Polk City region. 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 2019 or later at 30% of the total and is ranked #3. Only #2 Granger (32%), and #1 Ankeny (35%) are larger. Figure 39 shows the year that people who rent moved into the area. Polk City has the percentage of renters moved in 2019 or later less than most other places in the area at 31% of the total. Second, it has one of the largest proportions of renters moved in 2015 to 2018 at 45% of the total and is ranked #2. The only larger city being Sheldahl with 60%.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2013 which is the highest of all places in the greater Polk City region. Figure 41 compares the median year that renters moved into their home. Polk City depicts it has a Renter Median Year Moved In of 2015 which is less than most other places in the area.

The next two charts show the number of people living in group quarters and includes temporary as well permanent housing which may be run by the Polk City housing department, Iowa department, or other housing authority or public housing agency. beginning with Figure 43 which shows the total number of people. Polk City shows it has a Total In Group Quarters of 46 which is the third most number of people in group quarters of all other places in the greater Polk City region.

Figure 44 shows the percentage of people who are living in group quarters to the total population for Polk City residents (these may include colleges and jails but also community centers for homelessness or that require a housing choice voucher which are run by certain nonprofits or an affordable housing department.) Polk City has the largest proportion of number of people under 18 years of age and in group quarters at 100% of the total and is ranked #1.