Okoboji, IA housing market
The typical Okoboji home is worth about $410,000, up 0.7% in a year, 71% above the Iowa typical home. Homes typically sell in 62 days, below asking.
Home values, sales, trends and how Okoboji compares with the towns next door — updated as new data is published.
Okoboji 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 | Okoboji | Iowa |
|---|---|---|
| 2017 | $234,000 | $147,000 |
| 2018 | $237,000 | $152,000 |
| 2019 | $249,000 | $159,000 |
| 2020 | $271,000 | $167,000 |
| 2021 | $292,000 | $179,000 |
| 2022 | $339,000 | $195,000 |
| 2023 | $370,000 | $211,000 |
| 2024 | $391,000 | $218,000 |
| 2025 | $401,000 | $228,000 |
| 2026 | $411,000 | $236,000 |
| August 2026 | $410,000 | $240,000 |
8 new homes permitted in 2025
Builders were permitted 8 new homes in Okoboji in 2025, all single-family houses, worth about $14.2 million to build. Over the past 10 years, Okoboji has permitted 51 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Okoboji's population fell by 39 even though 63 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. 55% of Okoboji's homes are seasonal or vacation homes, which adds housing without adding residents. Across Iowa: 1.3 new residents per new home.
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) | 1 | 1 | 0 | $650,000 |
| 2025 | 8 | 8 | 0 | $14.2 million |
| 2024 | 2 | 2 | 0 | $3.1 million |
| 2023 | 3 | 3 | 0 | $5.7 million |
| 2022 | 5 | 5 | 0 | $5.5 million |
| 2021 | 6 | 6 | 0 | $6.7 million |
| 2020 | 5 | 5 | 0 | $2.6 million |
| 2019 | 10 | 10 | 0 | $14 million |
| 2018 | 3 | 3 | 0 | $1.4 million |
| 2017 | 2 | 2 | 0 | $1 million |
| 2016 | 7 | 7 | 0 | $4.9 million |
| 2015 | 10 | 10 | 0 | $5.8 million |
| 2014 | 13 | 13 | 0 | $5.7 million |
| 2013 | 5 | 5 | 0 | $3.5 million |
| 2012 | 1 | 1 | 0 | $350,000 |
| 2011 | 7 | 7 | 0 | $3.7 million |
| 2010 | 5 | 5 | 0 | $1.9 million |
| 2009 | 1 | 1 | 0 | $550,000 |
| 2008 | 4 | 4 | 0 | $1.1 million |
| 2007 | 4 | 4 | 0 | $1.4 million |
| 2006 | 13 | 13 | 0 | $3.8 million |
| 2005 | 11 | 11 | 0 | $3.5 million |
| 2004 | 50 | 12 | 38 | $6.5 million |
| 2003 | 58 | 22 | 36 | $5.6 million |
| 2002 | 18 | 4 | 14 | $2.2 million |
| 2001 | 12 | 8 | 4 | $2.6 million |
| 2000 | 13 | 5 | 8 | $1.6 million |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Okoboji and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Okoboji | $410K | +0.7% | $1,130 | 8 | $73,000 |
| Spirit Lake | $339K | +1.4% | $1,120 | 53 | $65,720 |
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,130
HUD's Fair Market Rent for a two-bedroom in Okoboji is $1,130 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Okoboji pay a median of $942, so moving in tends to cost more than staying put.
Studio $860 · 4 bedrooms $1,500
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (51355; Dickinson 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, 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.