Lenox: Housing & Real Estate
Lenox's median home value is $111,400 (estimated market value runs 12% higher at $125,095), with median rent $1,003 (1.3× higher than Taylor County median $765; about the same as Iowa median $972). Homeownership rate: 76.2%. That's about the same as the Taylor County median ($117,200); 1.9× below the Iowa median ($208,000). Market is warm. Vacancy rate 13.7%. New construction makes up 6.4% of stock. 2 nursing facilities on file. A municipal building code is in effect.
- 1.8× annual income — home value vs. household income (vs Iowa 2.8×).
- 9.3 years to break even renting at the median (vs Iowa 16y).
- 4-BR rent is 1.8× a studio — rent gradient by unit size.
- Median rent runs 7% above HUD 2-BR FMR — local market vs federal subsidy benchmark.
Home Values & Rent
Median home value $111,400 — 0.6× the Iowa median ($187,100). Median rent $1,003/month. homeownership rate 76.2% — above the U.S. share of ~65%.
| Affordability · Home Price To Income | 1.8× |
|---|---|
| Affordability · Home Affordability | affordable |
| Affordability · Rent Pct Income | 14.9% |
| Affordability · Rent Affordability | affordable |
| Affordability · Pct Severely Rent Burdened | 33.3% |
| Affordability · Poverty Rate | 11.3% |
| Affordability · Property Tax Pct Income | 2.5% |
| Fair Market Rent · Studio rent | $692 (vs Iowa $774) |
| Fair Market Rent · One-bedroom rent | $711 (vs Iowa $816) |
| Fair Market Rent · Two-bedroom rent | $933 (vs Iowa $1,071) |
| Fair Market Rent · Three-bedroom rent | $1,217 (vs Iowa $1,490) |
| Fair Market Rent · Four-bedroom rent | $1,235 (vs Iowa $1,797) |
| Fair Market Rent · HUD FMR area | Adams County, IA |
| Fair Market Rent · Fiscal year | FY2026 |
| Home Value Estimate | $125,095 |
| Median Home Value | $111,400 (vs Iowa $187,100) |
| Median Rent | $1,003 (vs Iowa $967) |
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 | 13.7% |
| Housing Market · New construction (% of stock) | 6.4% |
| Housing Market · Price Appreciation 2Yr | 5.1% |
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% (at Iowa median) |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% (at Iowa median) |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% (at Iowa median) |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 24.2% (vs Iowa 73.1%) |
| Broadband · Broadband-capable premises | 732 |
| Electricity · Electricity rate (¢/kWh) | 13.40¢/kWh |
| Electricity · Customers | 1448818 |
| Electricity · Revenue Millions | $1,939 |
| Electricity · Year | 2024 |
| Mobile Broadband · 3G mobile coverage | 0.000000000 |
| Mobile Broadband · 4G mobile coverage | 1.000000000 (at Iowa median) |
| Mobile Broadband · 5G mobile coverage | 1.000000000 (at Iowa median) |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · Refreshed 2026-04-12
Other
| Homeownership Rate | 76.2% (vs Iowa 67.5%) |
|---|---|
| Median Year Built | 1962 |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12