St. Olaf: Housing & Real Estate
St. Olaf's median home value is $84,000 (estimated market value runs 24% higher at $103,763), with median rent $775 (1.1× higher than Clayton County median $738; 1.2× below Iowa median $897). Homeownership rate: 76.9%. That's 1.8× below the Clayton County median ($149,500); 2.2× below the Iowa median ($187,019). Market is warm. Vacancy rate 11.9%. A municipal building code is in effect.
- 0.9× annual income — home value vs. household income (vs Iowa 2.5×).
- 9.0 years to break even renting at the median (vs Iowa 17y).
- 4-BR rent is 1.9× a studio — rent gradient by unit size.
- Median rent 15% below HUD 2-BR FMR — local market vs federal subsidy benchmark.
Home Values & Rent
Median home value $84,000 — 0.4× the Iowa median ($187,019). Median rent $775/month. homeownership rate 76.9% — above the U.S. share of ~65%.
| Affordability · Home Price To Income | 0.9× |
|---|---|
| Affordability · Home Affordability | affordable |
| Affordability · Rent Pct Income | 9.5% |
| Affordability · Rent Affordability | affordable |
| Affordability · Pct Severely Rent Burdened | 28.6% |
| Affordability · Poverty Rate | 8.1% |
| Affordability · Property Tax Pct Income | 1.3% |
| Fair Market Rent · Studio rent | $682 |
| Fair Market Rent · One-bedroom rent | $700 |
| Fair Market Rent · Two-bedroom rent | $919 |
| Fair Market Rent · Three-bedroom rent | $1,127 |
| Fair Market Rent · Four-bedroom rent | $1,304 |
| Fair Market Rent · HUD FMR area | Clayton County, IA |
| Fair Market Rent · Fiscal year | FY2026 |
| Home Value Estimate | $103,763 |
| Median Home Value | $84,000 (vs Iowa $187,019) |
| Median Rent | $775 (vs Iowa $897) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023, B25077 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Tenure & Occupancy
Owner-occupied vs renter-occupied housing units, plus vacancy rates.
| Housing Market · Market temperature | warm |
|---|---|
| Housing Market · Vacancy rate | 11.9% |
| Housing Market · Price Appreciation 2Yr | 9.5% |
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
Systems (1)
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 100.0% |
| Broadband · Broadband-capable premises | 63 |
| Electricity · Electricity rate (¢/kWh) | 13.40¢/kWh |
| Electricity · Customers | 1,448,818 |
| Electricity · Revenue Millions | $1,939 |
| Electricity · Year | 2024 |
| Mobile Broadband · 3G mobile coverage | 0% |
| Mobile Broadband · 4G mobile coverage | 100% |
| Mobile Broadband · 5G mobile coverage | 83% |
| Mobile Home Parks Detail · County total | 1 |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · HIFLD / IRS BMF · Refreshed 2026-04-12
Other
| Homeownership Rate | 76.9% |
|---|---|
| Median Year Built | 1938 |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12