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Warren County, IA

RANK #363 / 996  ·  POP 52,709  ·  IA

PROJECTED GROWTH: +1.3%

Warren County sits in the middle of the pack — stable but not accelerating.

[01] Why Warren County?

Indianola, the county seat, is a notable town in Warren County, Iowa, known for hosting the National Balloon Classic, an annual hot air balloon event. Located in central Iowa, Warren County sits just south of Des Moines, making it part of the Des Moines metropolitan area. This proximity allows for a commute to the city while offering a community feel with rolling hills and natural scenery. Outdoor recreation opportunities abound, with over 2,700 acres of parks and trails, including Lake Ahquabi for canoeing and fishing, and the Great Western Trail for hiking and biking. Life in Warren County often appeals to families and young professionals, with public schools generally performing above average. The local economy is experiencing growth, particularly in commercial and residential development, as well as the technology sector, including data centers. Efforts are also underway to support business retention and expansion, new business starts, and workforce development, aiming to capitalize on the region's expansion.

[02] Market Snapshot

Housing Ratio
8.6x

Overvalued relative to economy

GDP Growth
+2.3%

Below national median

Home Prices
+2.7%

Outpacing national median

Climate & Terrain
-2.2

Below-average climate & terrain

Price/Rent
16x

Above national median (13x)

Housing looks overvalued at 8.6x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Warren County U.S. National

The Numbers

DEMOGRAPHICS
Population
52,709
+1.63% YoY
Median Household Income
$89,741
Median Home Value
$234,300
+2.68% 12mo
Median Rent
$943
Average Annual Pay
$51,236
+3.8% YoY
Employment
13,125
+3.2% YoY
Income-to-Home-Value
0.383
More affordable than average
Migration Inflow
6.26%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$301,250
Days on Market
105
Slower market
Months of Supply
4.9
Balanced market
Sale-to-List Ratio
98.4%
Near asking price
Sold Above List
12.5%
Listings w/ Price Drops
19.8%
Building Permits (2024)
438
Single-Family Permits
436

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$16,650M
TOTAL
PROJECT AMOUNT STATUS
Proposed Norwalk Data Center Campus
Undisclosed Developer
$12,000M Proposed
Amazon Web Services Data Center (Project Steamboat)
Amazon Web Services (AWS)
$3,000M Planned
Microsoft Data Center (Project Osmium)
Microsoft
$1,500M Under Construction
New Residential Developments (Multiple Communities)
Various Developers (e.g., D.R. Horton)
$100M Under Construction
Broadband Project
Warren County
$50M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +2.3% 43 percentile
Population Growth +1.6% 85 percentile
Income Growth +5.3% 5 percentile
Vacancy Rate 1.0% 53 percentile
Home Price Change +2.7% 68 percentile
Rent Growth +6.9% 90 percentile
Price/Rent 16x 30 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Warren County, IA a good place to move to?

Warren County has a Boom Town Index score of 64/100, ranking #363 among 996 U.S. counties. With job growth at +3.2% and a median household income of $89,741, it's an above-average county on economic indicators.

Is Warren County affordable?

The median home value in Warren County is $234,300 with median rent at $943/month. The income-to-home-value ratio is 0.383, which is more affordable than the national average.

Is Warren County growing or shrinking?

Population growth: +1.6% year-over-year. Job growth: +3.2%. Home values changed +2.7% in the past 12 months.

Are people moving to Warren County?

Yes — 6.26% of Warren County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Wayne County, OH 74 Franklin County, MO 74 Nye County, NV 74 Erie County, OH 74 Schuylkill County, PA 74 St. Clair County, IL 74 Elkhart County, IN 74 Linn County, IA 74