Indianola, IA housing market
The typical Indianola home is worth about $313,000, up 2.4% in a year, 31% above the Iowa typical home. Homes typically sell in 19 days, a little above asking.
Home values, sales, trends and how Indianola compares with the towns next door — updated as new data is published.
Indianola at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Indianola | Iowa |
|---|---|---|
| 2017 | $190,000 | $147,000 |
| 2018 | $200,000 | $152,000 |
| 2019 | $212,000 | $159,000 |
| 2020 | $221,000 | $167,000 |
| 2021 | $237,000 | $179,000 |
| 2022 | $262,000 | $195,000 |
| 2023 | $283,000 | $211,000 |
| 2024 | $291,000 | $218,000 |
| 2025 | $300,000 | $228,000 |
| 2026 | $310,000 | $236,000 |
| August 2026 | $313,000 | $240,000 |
120 new homes permitted in 2025
Builders were permitted 120 new homes in Indianola in 2025: 68 single-family houses and 52 in buildings with two or more homes, worth about $26 million to build. That's 7.5 per 1,000 residents, faster than across Iowa (4.7). Over the past 10 years, Indianola has permitted 807 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Indianola gained 1,051 residents while 753 new homes were permitted: about 1.4 new residents per new home. Building outpaced population growth, which usually means smaller households or homes used part of the year. Across Iowa: 1.3 new residents per new home.
How Indianola ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 34 | 34 | 0 | $10.8 million |
| 2025 | 120 | 68 | 52 | $26 million |
| 2024 | 38 | 38 | 0 | $12 million |
| 2023 | 59 | 55 | 4 | $20.7 million |
| 2022 | 48 | 46 | 2 | $17.3 million |
| 2021 | 115 | 65 | 50 | $25.4 million |
| 2020 | 89 | 81 | 8 | $17.4 million |
| 2019 | 58 | 56 | 2 | $10.4 million |
| 2018 | 40 | 30 | 10 | $7.1 million |
| 2017 | 62 | 39 | 23 | $10 million |
| 2016 | 178 | 40 | 138 | $21 million |
| 2015 | 55 | 39 | 16 | $8.9 million |
| 2014 | 53 | 29 | 24 | $8 million |
| 2013 | 107 | 47 | 60 | $14 million |
| 2012 | 58 | 13 | 45 | $8.3 million |
| 2011 | 23 | 21 | 2 | $3.6 million |
| 2010 | 119 | 115 | 4 | $12.8 million |
| 2009 | 88 | 22 | 66 | $8 million |
| 2008 | 103 | 80 | 23 | $11.7 million |
| 2007 | 82 | 63 | 19 | $13.3 million |
| 2006 | 120 | 87 | 33 | $18.2 million |
| 2005 | 77 | 75 | 2 | $12.3 million |
| 2004 | 149 | 89 | 60 | $20.3 million |
| 2003 | 92 | 80 | 12 | $11.4 million |
| 2002 | 91 | 77 | 14 | $12.6 million |
| 2001 | 80 | 72 | 8 | $11.4 million |
| 2000 | 71 | 53 | 18 | $10.7 million |
How Indianola ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
4.1 years of income
The typical Indianola home costs about 4.1 years of the town's median household income, more than across Iowa (3.2 years).
How Indianola ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,150
HUD's Fair Market Rent for a two-bedroom in Indianola is $1,150 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Indianola pay a median of $986, so moving in tends to cost more than staying put. A two-bedroom takes about 18% of the town's median household income.
Studio $930 · 4 bedrooms $1,610
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (50125; Des Moines-West Des Moines, IA HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.