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New Virginia, IA

Full City Profile · Iowa · Clarke County County

3.4 /5.0
B Good
513 Population 1,140/sq mi density
$75,875 Median Income $31,734 per capita
$168,100 Home Value $342,379 Zillow
$1,054 Median Rent 25.1% income on rent
50°F Avg Temperature 275 sunny days/yr
159 Violent Crime/100K 1,746 property/100K
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.5 / 5.0
$75,875 median income, 0.0% unemployment
A+
Affordability
5.0 / 5.0
$168,100 home value, $1,054/mo rent
F
Safety
1.0 / 5.0
159 violent crimes/100K
B
Education
3.1 / 5.0
26.5% bachelor's degree or higher

Housing Overview

Median Home Value
$168,100
40% below
US avg: $281,900
Median Rent
$1,054/mo
9% below
US avg: $1,163/mo
Homeownership Rate
72.9%
11% above US avg (65.4%)
Total Housing Units
191
Median year built: 1965

Home Value by Source

Census Median
$168,100
Zillow (ZHVI)
$342,379
Median Sale Price
$220,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

72.9%
Owner-Occupied
27.1%
Renter-Occupied
73%
27%
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: $1,054/mo

Market Indicators (Redfin)

Median Days on Market
127 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
1
Price Drops
50.0%
of listings with price reduction
Price Per Sq Ft
$209
Active Inventory
2
homes for sale

Affordability & Housing Stock

Rent Burden
25.1%
of renters spending 30%+ of income on housing
19% below US avg (31.0%)
Median Year Built
1965
Average age of housing stock: 61 years
Homeownership Rate
72.9%

Complete Housing Data

Home Values

Census Median Value$168,100
Zillow Home Value (ZHVI)$342,379
Median Sale Price$220,000
Price Per Sq Ft$209

Rent

Census Median Rent$1,054
FMR Studio$738
FMR 1-Bedroom$788
FMR 2-Bedroom$989
FMR 3-Bedroom$1,282
FMR 4-Bedroom$1,420

Market

Days on Market127
Sale-to-List Ratio1.0%
Price Drops50.0%
Homes Sold1
Active Inventory2
Price Per Sq Ft$209

Ownership & Stock

Owner-Occupied72.9%
Renter-Occupied27.1%
Homeownership Rate72.9%
Total Housing Units191
Median Year Built1965
Rent Burden25.1%