Larrabee, IA housing market
The typical Larrabee home is worth about $130,000, down 1.4% in a year, 46% below the Iowa typical home.
Home values, sales, trends and how Larrabee compares with the towns next door — updated as new data is published.
Larrabee at a glance
Typical home value, 2022–2026
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| January | Larrabee | Iowa |
|---|---|---|
| 2023 | $131,000 | $211,000 |
| 2024 | $132,000 | $218,000 |
| 2025 | $138,000 | $228,000 |
| 2026 | $127,000 | $236,000 |
| August 2026 | $130,000 | $240,000 |
No new homes permitted in 2025
No permits for new homes were issued in Larrabee in 2025 or in any year since 2025.
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| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 0 | 0 | 0 | — |
| 2025 | 0 | 0 | 0 | — |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
A two-bedroom rents for about $940
HUD's Fair Market Rent for a two-bedroom in Larrabee is $940 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $690 · 4 bedrooms $1,350
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (51029; Cherokee County, IA), 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. 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.