Correctionville, IA
Population 768 · Iowa
About Correctionville, IA
Correctionville is a small community located in Iowa with a population of 768 residents according to the latest US Census Bureau American Community Survey data. The median household income is $51,125 per year, which is 32% below the national median of $75,149. The median age of 35.5 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Correctionville features a median home value of $83,000, which is 66% below the national median of $244,900. This makes Correctionville one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $775, 33% below the national average of $1,163/month. Of the 336 total housing units, 89% are owner-occupied (262 units) and 11% are renter-occupied (31 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Correctionville shows an unemployment rate of 2.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 14.8%, above the national average of 12.4%. Workers in Correctionville have an average one-way commute time of 31.7 minutes.
Education & Demographics
12.6% of Correctionville 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 20.1% White, 0.5% Hispanic or Latino, 0.0% Black or African American, and 0.9% Asian residents, with 3.6% of the population being foreign-born.
Cost of Living in Correctionville, IA
Compared to national averages, Correctionville has a median household income of $51,125 (32% below the national median of $75,149). Home values average $83,000, which is 66% below the national median. Monthly rent at $775 is 33% below the US average of $1,163. Within Iowa, Correctionville's income is 25% below the state average of $67,947, and home values are 37% below the state median of $132,237.
Why Live in Correctionville, IA?
Correctionville offers affordable housing with a median home value of $83,000, below the US average of $244,900, and rent that’s lower than the national average at $775/month, and a strong job market with an unemployment rate of just 2.3%.
Potential considerations include median household income ($51,125) that falls below the national average. However, Correctionville’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Correctionville has a population of 768 with a median age of 35.5 years. Compare Correctionville with other cities to see how it stacks up, or explore all cities in Iowa.
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Economy & Education
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Correctionville
What is the population of Correctionville, IA?
The population of Correctionville, IA is 768 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 Correctionville?
The median household income in Correctionville, IA is $51,125 per year, which is 32% below the national median of $75,149.
What is the median home value in Correctionville?
The median home value in Correctionville, IA is $83,000, which is 66% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Correctionville?
The median monthly rent in Correctionville, IA is $775, which is 33% below the national average of $1,163/month.
What is the unemployment rate in Correctionville?
The unemployment rate in Correctionville, IA is 2.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Correctionville, IA a good place to live?
Correctionville offers a moderate cost of living, affordable housing, and a strong job market. With a population of 768 and a median age of 35.5, the city appeals to a broad range of residents.
How educated is Correctionville, IA?
12.6% of residents in Correctionville 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 Correctionville?
Key cost-of-living indicators for Correctionville, IA: median home value is $83,000 (66% below national), median rent is $775/month, and median household income is $51,125. The home-value-to-income ratio is 1.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Correctionville?
The poverty rate in Correctionville, IA is 14.8%, 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 Correctionville, IA?
Correctionville's population is 20.1% White, 0.5% Hispanic or Latino, 0.0% Black or African American, 0.9% Asian, and 0.8% two or more races. 3.6% of residents are foreign-born.