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Featured local agent — Boone, IA
Sarah Mitchell
Compass Real Estate · Boone, IA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Boone, IA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$188,500median sale price
How is the Boone, IA housing market right now?
The median home sale price in Boone, IA is $188,500, up 4.7% year-over-year. Homes sell in an average of 19 days with 52 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Boone a buyer's or seller's market?
Boone, IA is currently a seller's market, based on 2.2 months of supply and homes selling in about 19 days. How we determine this →
Homes sold
24
Last 12 weeks
Days on market
19
Fast-moving
Active listings
52
2.2 months supply
Sale-to-list
96.0%
Below asking
What does the Boone housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $188,500 |
| Median list price | $185,000 |
| Year-over-year price change | +4.7% |
| Average days on market | 19 days |
| Active inventory | 52 listings |
| Months of supply | 2.2 months |
| Sale-to-list price ratio | 96.0% |
| Median price per sq ft | $151/sq ft |
| Homes sold (latest month) | 24 |
| New listings (latest month) | 35 |
| Listings with a price cut | 42.3% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Boone by property type?
How the Boone, IA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $202,000 | $156/sq ft | 23 | 19 days |
| Condo / Co-op | $40,000 | $86/sq ft | 1 | 28 days |
| Townhouse | $215,000 | $132/sq ft | 1 | 84 days |
Source: Redfin · Updated monthly
The Boone housing market is currently classified as a seller's market with a median sale price of $188,500. Prices have risen 4.7% compared to last year, with homes spending an average of 19 days on market, indicating 2.2 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.2x provides context for how home values compare to local earning capacity.
Homes for sale in Boone
There are currently 52 homes listed for sale in Boone, Iowa. The median listing price is $185K.
Active listings
52
Homes on market
Median list price
$185K
Avg. days on market
19
Days until sale
New this week
35
Newly listed
Who lives in Boone?
Population
12,445
Median income
$67,269/yr
Median age
38.5 years
Owner-occupied
73.7%
College grads
25.0%
Avg commute
19.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Boone?
Zillow home value
$216,918
Zillow rent index
$947/mo
Price-to-rent ratio
19.1x
Price-to-income
3.2x
Source: Zillow Research
What is it like to live in Boone?
Boone is a community of approximately 12K residents with a median age of 38.5 years.The median household income is $67,269, which represents a working-class community with solid middle-income opportunities. 25.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 73.7%, reflecting strong community stability and long-term resident commitment. The average commute time is 19.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Boone offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Boone?
4 schools tracked · 1,974 students
The largest public schools serving Boone, IA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Boone High School
Grades 9-12 · 720 students
Boone Middle School
Grades 5-8 · 585 students
Franklin Elementary School
Grades 2-4 · 338 students
United Community School
Grades PK-6 · 331 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Boone, IA?
Want a head-to-head view? Compare Boone side-by-side with any other U.S. city using our market-comparison tool.
Is Boone a good real estate investment market?
For investors evaluating Boone, the price-to-rent ratio of 19.1x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 4.7% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Boone's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Boone's median home price.
Frequently asked questions
What is the average home price in Boone?
The median home sale price in Boone is $188,500, up 4.7% from last year.
How long do homes stay on market in Boone?
Homes typically spend 19 days on market before going under contract.
What is the median income in Boone?
The median household income is $67,269 per year.
Is Boone a buyer's or seller's market?
With 2.2 months of supply, Boone is currently a seller's market.
What is the Zillow home value estimate for Boone?
The Zillow Home Value Index (ZHVI) for Boone is $216,918, representing the typical home value in the area.
What is the median condo price in Boone?
The median condo/co-op sale price in Boone, IA is $40,000, compared to $202,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Boone?
The median single-family home price in Boone, IA is $202,000 (about $156 per square foot).
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