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Nevada, IA

Full City Profile · Iowa · Story County County

3.5 /5.0
B+ Good
6,952 Population 1,168/sq mi density
$75,221 Median Income $47,378 per capita
$177,800 Home Value $237,163 Zillow
$884 Median Rent 22.4% income on rent
48°F Avg Temperature 260 sunny days/yr
415 Violent Crime/100K 1,260 property/100K
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.4 / 5.0
$75,221 median income, 0.8% unemployment
A+
Affordability
5.0 / 5.0
$177,800 home value, $884/mo rent
F
Safety
1.0 / 5.0
415 violent crimes/100K (9% above avg)
B
Education
3.4 / 5.0
30.6% bachelor's degree or higher

Housing Overview

Median Home Value
$177,800
37% below
US avg: $281,900
Median Rent
$884/mo
24% below
US avg: $1,163/mo
Homeownership Rate
71.1%
9% above US avg (65.4%)
Total Housing Units
3,329
Median year built: 1971

Home Value by Source

Census Median
$177,800
Zillow (ZHVI)
$237,163
Median Sale Price
$315,000
Median List Price
$294,900
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

71.1%
Owner-Occupied
28.9%
Renter-Occupied
71%
29%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$738/mo
1 Bedroom
$788/mo
2 Bedroom
$989/mo
3 Bedroom
$1,282/mo
4 Bedroom
$1,420/mo
Census median rent: $884/mo

Market Indicators (Redfin)

Median Days on Market
27 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
5
Price Drops
50.0%
of listings with price reduction
Price Per Sq Ft
$198
Active Inventory
10
homes for sale

Affordability & Housing Stock

Rent Burden
22.4%
of renters spending 30%+ of income on housing
28% below US avg (31.0%)
Median Year Built
1971
Average age of housing stock: 55 years
Homeownership Rate
71.1%

Complete Housing Data

Home Values

Census Median Value$177,800
Zillow Home Value (ZHVI)$237,163
Median Sale Price$315,000
Median List Price$294,900
Price Per Sq Ft$198

Rent

Census Median Rent$884
FMR Studio$738
FMR 1-Bedroom$788
FMR 2-Bedroom$989
FMR 3-Bedroom$1,282
FMR 4-Bedroom$1,420

Market

Days on Market27
Sale-to-List Ratio1.0%
Price Drops50.0%
Homes Sold5
Active Inventory10
Price Per Sq Ft$198

Ownership & Stock

Owner-Occupied71.1%
Renter-Occupied28.9%
Homeownership Rate71.1%
Total Housing Units3,329
Median Year Built1971
Rent Burden22.4%