RentDataNowRentDataNow
City Report · TX

Iowa Colony

Pop. 12,891·8th most expensive in Texas·Rents have been falling, good time to negotiate
Median rent (all units)
$2,455/mo
Year-over-Year
-4.7%
Month-over-Month
-1.5%
vs US Median
+$493
Falling (Monthly)
Be the first to discuss Iowa Colony rents ↓
Most AffordableMost Expensive
Iowa Colony · $2,455
More expensive than 78% of US cities · National median $1,962/mo
Affordability
20% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $2,455/mo, rent takes about 20% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$98,000/yr
Local median income
$144,092/yr
Based on the 30%-of-income rule using Iowa Colony's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$910
1 BR
$1,070
2 BR
$1,200
3 BR
$1,600
4 BR+
$2,010
Fair Market Rent (HUD)
$1,200/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,455 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

Loading…

Last updated: August 17, 2026

Annual cost
$29,460/yr
At $2,455/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 4.7% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-4.7% YoY, -1.5% MoM), not inventory.
Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Iowa Colony, TX is majority owner-occupied, has a large share of families with children, has a median income above the national average, 49.3% of residents hold a bachelor's degree or higher.

Population
12,891
Median income
$144,092
Median age
34.7
Renters
3.6%
Age distribution
29.6%
21%
35.9%
Under 1829.6%
18–3421%
35–5435.9%
55–645.6%
65+7.8%
Gender
50%
50%
Male50%
Female50%
Race & ethnicity
28.4%
46.4%
20.2%
White28.4%
Black46.4%
Hispanic20.2%
Asian3.7%
Other1.3%
Education (25+)
17.4%
28.3%
49.3%
No HS diploma5%
HS diploma17.4%
Some college28.3%
Bachelor's+49.3%
Housing tenure
96.4%
Owner96.4%
Renter3.6%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Iowa Colony, TX has changed in 5 years

Income
$93,732 → $144,092
up 53.7%
Population
8,187 → 12,891
up 57.5%
Renter share
2.6% → 3.6%
+1.0 pts
Bachelor's+
40.1% → 49.3%
+9.2 pts
Median age
34 → 34.7
+0.7 yrs

Median household income climbed from $93,732 to $144,092 between 2021 and 2024, a 53.7% shift. Census counts show Iowa Colony, TX adding about 4,704 residents over the five-year window, up 57.5% on net. Bachelor's-degree-or-higher attainment moved from 40.1% to 49.3% across the same window.

Community

Discussions about Iowa Colony

No discussions yet. Start the conversation.

View Iowa Colony rent history (2015–2026) →
Salary vs rent

Can you afford rent in Iowa Colony on your salary?

At $2,455/mo, how Iowa Colony rent compares to typical pay (30% rule).

By apartment size

Iowa Colony rent by bedroom count

Median rent for each apartment size in Iowa Colony. Click any size for full breakdown.

Local insights

Tips for renters in Iowa Colony

About renting in Iowa Colony, TX

Last updated: August 17, 2026

The median rent in Iowa Colony is $2,455/mo as of August 2026. A studio apartment averages $910/mo while a 2-bedroom runs $1,200/mo. One-bedroom apartments average $1,070/mo and 3-bedroom units go for $1,600/mo.

At 20% of local median household income ($144,092/yr), Iowa Colony ranks as affordable compared to the national benchmark of 30%. Rents have decreased 4.7% over the past year.

FAQ

Frequently asked questions

Is Iowa Colony an affordable city for renters?

Iowa Colony is considered very affordable for renters. At $2,455/mo, rent takes approximately 20% of the local median household income ($144,092/yr). The standard benchmark is 30%. Iowa Colony falls comfortably within that range.

How much income do you need to rent in Iowa Colony?

To keep rent at or below 30% of gross income, you would need to earn at least $98,000/year (~$47/hour full-time) to afford the median rent of $2,455/mo in Iowa Colony. The local median household income is $144,092/yr, meaning the typical Iowa Colony household meets that threshold.

Is rent going up or down in Iowa Colony?

Rent in Iowa Colony has decreased 4.7% over the past year as of August 2026, offering some relief compared to 12 months ago.

How does Iowa Colony rent compare to other cities in Texas?

Iowa Colony is one of the pricier cities in Texas for rent, ranking #8 out of 267 tracked cities at $2,455/mo.

Which nearby cities are cheaper to rent in than Iowa Colony?

Several nearby cities have lower median rents than Iowa Colony ($2,455/mo): Manvel ($2,061/mo), Missouri City ($2,132/mo), Fresno ($2,142/mo).

What percentage of Iowa Colony residents rent vs. own?

According to Census data, approximately 3.6% of Iowa Colony households are renters, while 96.4% are owner-occupied. Iowa Colony leans toward homeownership, which can mean a smaller rental inventory.

How does Iowa Colony rent compare to the national average?

Iowa Colony's median rent of $2,455/mo is $493 (25%) above the US national median of $1,962/mo. Within Texas, it ranks #8 out of 267 tracked cities.
Income Affordability
20%
VERY AFFORDABLE

At $2,455/mo, rent takes ~20% of Iowa Colony's median household income ($144,092/yr). The standard benchmark is 30%.

Iowa Colony 20%Benchmark 30%
State income taxNone
Run the Iowa Colony affordability calculator →
Lowest-rent ZIP codes in Iowa Colony
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Iowa Colony, TX

Recent submissions

Be the first to submit your rent for Iowa Colony.

Recent discussions

No discussions yet.

Add RentDataNow as a preferred source on Google