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Slater, IA

Full City Profile · Iowa · Polk County County

4.0 /5.0
A Great
1,498 Population 784/sq mi density
$87,708 Median Income $42,130 per capita
$222,000 Home Value $278,430 Zillow
$877 Median Rent 24.0% income on rent
48°F Avg Temperature 275 sunny days/yr
A
Overall
4.0 / 5.0
Strong
A+
Economy
4.8 / 5.0
$87,708 median income, 0.3% unemployment
A+
Affordability
5.0 / 5.0
$222,000 home value, $877/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
B+
Education
3.7 / 5.0
34.0% bachelor's degree or higher

Housing Overview

Median Home Value
$222,000
21% below
US avg: $281,900
Median Rent
$877/mo
25% below
US avg: $1,163/mo
Homeownership Rate
86.6%
32% above US avg (65.4%)
Total Housing Units
678
Median year built: 1971

Home Value by Source

Census Median
$222,000
Zillow (ZHVI)
$278,430
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

86.6%
Owner-Occupied
13.4%
Renter-Occupied
87%
13%
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: $877/mo

Affordability & Housing Stock

Rent Burden
24.0%
of renters spending 30%+ of income on housing
23% below US avg (31.0%)
Median Year Built
1971
Average age of housing stock: 55 years
Homeownership Rate
86.6%

Complete Housing Data

Home Values

Census Median Value$222,000
Zillow Home Value (ZHVI)$278,430

Rent

Census Median Rent$877
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-Occupied86.6%
Renter-Occupied13.4%
Homeownership Rate86.6%
Total Housing Units678
Median Year Built1971
Rent Burden24.0%