Shannon City: Housing & Real Estate
Homes in Shannon City carry a median value of $45,000 (estimated market value runs 12% higher at $50,461), with median rent $-666,666,666. Homeownership rate: 80.0%. That's 2.7× below the Union County median ($122,000); 4.6× below the Iowa median ($208,000). Market is stable. Vacancy rate 8.8%. A municipal building code is in effect.
- 0.5× annual income — home value vs. household income (vs Iowa 2.8×).
- 4-BR rent is 1.8× a studio — rent gradient by unit size.
Home Values & Rent
Median home value $45,000 — 0.2× the Iowa median ($187,100). Median rent $-666,666,666/month. homeownership rate 80.0% — above the U.S. share of ~65%.
| Affordability · Home Price To Income | 0.5× |
|---|---|
| Affordability · Home Affordability | affordable |
| Affordability · Pct Severely Rent Burdened | 28.6% |
| Affordability · Poverty Rate | 1.7% |
| Fair Market Rent · Studio rent | $682 (vs Iowa $774) |
| Fair Market Rent · One-bedroom rent | $748 (vs Iowa $816) |
| Fair Market Rent · Two-bedroom rent | $919 (vs Iowa $1,071) |
| Fair Market Rent · Three-bedroom rent | $1,125 (vs Iowa $1,490) |
| Fair Market Rent · Four-bedroom rent | $1,227 (vs Iowa $1,797) |
| Fair Market Rent · HUD FMR area | Ringgold County, IA |
| Fair Market Rent · Fiscal year | FY2026 |
| Home Value Estimate | $50,461 |
| Median Home Value | $45,000 (vs Iowa $187,100) |
| Median Rent | $-666,666,666 (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 | stable |
|---|---|
| Housing Market · Vacancy rate | 8.8% |
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 (3)
| 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 | 1.6% (vs Iowa 73.1%) |
| Broadband · Broadband-capable premises | 64 |
| 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 | 80.0% (vs Iowa 67.5%) |
|---|---|
| Median Year Built | 1938 |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12