Allerton, IA
Population 413 · Iowa
About Allerton, IA
Allerton is a small community located in Iowa with a population of 413 residents according to the latest US Census Bureau American Community Survey data. The median household income is $45,417 per year, which is 40% below the national median of $75,149. The median age of 44.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Allerton features a median home value of $85,000, which is 65% below the national median of $244,900. This makes Allerton one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $583, 50% below the national average of $1,163/month. Of the 207 total housing units, 79% are owner-occupied (134 units) and 21% are renter-occupied (35 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Allerton shows an unemployment rate of 3.8%, which is near the national rate of 3.7%. The poverty rate stands at 25.2%, above the national average of 12.4%. Workers in Allerton have an average one-way commute time of 19.7 minutes, one of the shorter commutes in the region.
Education & Demographics
15.5% of Allerton residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Allerton, IA
Compared to national averages, Allerton has a median household income of $45,417 (40% below the national median of $75,149). Home values average $85,000, which is 65% below the national median. Monthly rent at $583 is 50% below the US average of $1,163. Within Iowa, Allerton's income is 33% below the state average of $67,947, and home values are 36% below the state median of $132,237.
Why Live in Allerton, IA?
Allerton offers affordable housing with a median home value of $85,000, below the US average of $244,900, and rent that’s lower than the national average at $583/month, and short commute times averaging just 19.7 minutes.
Potential considerations include median household income ($45,417) that falls below the national average. However, Allerton’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Allerton has a population of 413 with a median age of 44.5 years. Compare Allerton with other cities to see how it stacks up, or explore all cities in Iowa.
Similar Cities Near Allerton
Cities in Iowa with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Salix | 413 | $62,143 | $162,500 | Compare |
| Orient | 411 | $81,250 | $109,800 | Compare |
| Lime Springs | 410 | $62,083 | $101,900 | Compare |
| Little Rock | 416 | $64,375 | $78,600 | Compare |
| Massena | 410 | $61,250 | $96,900 | Compare |
| Delmar | 417 | $74,583 | $123,400 | Compare |
| Farnhamville | 417 | $55,000 | $69,200 | Compare |
| Spillville | 409 | $42,750 | $156,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Iowa
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Allerton With Other Cities
Frequently Asked Questions about Allerton
What is the population of Allerton, IA?
The population of Allerton, IA is 413 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Iowa.
What is the median household income in Allerton?
The median household income in Allerton, IA is $45,417 per year, which is 40% below the national median of $75,149.
What is the median home value in Allerton?
The median home value in Allerton, IA is $85,000, which is 65% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Allerton?
The median monthly rent in Allerton, IA is $583, which is 50% below the national average of $1,163/month.
What is the unemployment rate in Allerton?
The unemployment rate in Allerton, IA is 3.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Allerton, IA a good place to live?
Allerton offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 413 and a median age of 44.5, the city appeals to a broad range of residents.
How educated is Allerton, IA?
15.5% of residents in Allerton aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Allerton?
Key cost-of-living indicators for Allerton, IA: median home value is $85,000 (65% below national), median rent is $583/month, and median household income is $45,417. The home-value-to-income ratio is 1.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Allerton?
The poverty rate in Allerton, IA is 25.2%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Allerton, IA?
Allerton's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.