Nora Springs, IA
Full City Profile · Iowa · Cerro Gordo County County
4.0
/5.0
A
Great
1,394
Population
628/sq mi density
$72,083
Median Income
$33,805 per capita
$126,300
Home Value
$194,012 Zillow
$757
Median Rent
25.0% income on rent
46°F
Avg Temperature
A
Overall
4.0 / 5.0
Strong
A
Economy
4.4 / 5.0
$72,083 median income, 0.0% unemployment
A+
Affordability
5.0 / 5.0
$126,300 home value, $757/mo rent
C+
Education
2.7 / 5.0
21.2% bachelor's degree or higher
Housing Overview
Median Home Value
$126,300
55% below
US avg: $281,900
Median Rent
$757/mo
35% below
US avg: $1,163/mo
Homeownership Rate
81.1%
24% above US avg (65.4%)
Total Housing Units
638
Median year built: 1959
Home Value by Source
Census Median
$126,300
Zillow (ZHVI)
$194,012
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
81.1%
Owner-Occupied
18.9%
Renter-Occupied
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:
$757/mo
Affordability & Housing Stock
Rent Burden
25.0%
of renters spending 30%+ of income on housing
19% below US avg (31.0%)
Median Year Built
1959
Average age of housing stock: 67 years
Homeownership Rate
81.1%
Complete Housing Data
Home Values
| Census Median Value | $126,300 |
| Zillow Home Value (ZHVI) | $194,012 |
Rent
| Census Median Rent | $757 |
| FMR Studio | $738 |
| FMR 1-Bedroom | $788 |
| FMR 2-Bedroom | $989 |
| FMR 3-Bedroom | $1,282 |
| FMR 4-Bedroom | $1,420 |
Market
Ownership & Stock
| Owner-Occupied | 81.1% |
| Renter-Occupied | 18.9% |
| Homeownership Rate | 81.1% |
| Total Housing Units | 638 |
| Median Year Built | 1959 |
| Rent Burden | 25.0% |