Drakesville, IA
Population 152 · Iowa
About Drakesville, IA
Drakesville is a small community located in Iowa with a population of 152 residents according to the latest US Census Bureau American Community Survey data. The median household income is $76,250 per year, which is 1% above the national median of $75,149. The median age of 43.5 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 Drakesville features a median home value of $110,800, which is 55% below the national median of $244,900. This makes Drakesville one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 61 total housing units, 96% are owner-occupied (55 units) and 4% are renter-occupied (2 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Drakesville shows an unemployment rate of 16.2%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 5.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Drakesville have an average one-way commute time of 24 minutes.
Education & Demographics
9.3% of Drakesville 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 Drakesville, IA
Compared to national averages, Drakesville has a median household income of $76,250 (1% above the national median of $75,149). Home values average $110,800, which is 55% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Iowa, Drakesville's income is 12% above the state average of $67,947, and home values are 16% below the state median of $132,237.
Why Live in Drakesville, IA?
Drakesville offers a strong local economy with a median household income of $76,250, well above the national average, and affordable housing with a median home value of $110,800, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a low poverty rate of 5.9%, better than the national average, and short commute times averaging just 24 minutes.
Drakesville has a population of 152 with a median age of 43.5 years. Compare Drakesville with other cities to see how it stacks up, or explore all cities in Iowa.
Similar Cities Near Drakesville
Cities in Iowa with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Westphalia | 151 | $108,542 | $95,000 | Compare |
| Ayrshire | 154 | $55,625 | $26,400 | Compare |
| New Liberty | 154 | $87,857 | $129,500 | Compare |
| Somers | 154 | $49,464 | $77,500 | Compare |
| Homestead | 149 | $82,969 | $140,500 | Compare |
| Magnolia | 148 | $72,500 | $110,000 | Compare |
| Panorama Park | 148 | $91,875 | $162,500 | Compare |
| Smithland | 148 | $83,000 | $75,400 | 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 Drakesville With Other Cities
Frequently Asked Questions about Drakesville
What is the population of Drakesville, IA?
The population of Drakesville, IA is 152 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 Drakesville?
The median household income in Drakesville, IA is $76,250 per year, which is 1% above the national median of $75,149.
What is the median home value in Drakesville?
The median home value in Drakesville, IA is $110,800, which is 55% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Drakesville?
The median monthly rent in Drakesville, IA is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Drakesville?
The unemployment rate in Drakesville, IA is 16.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Drakesville, IA a good place to live?
Drakesville offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 152 and a median age of 43.5, the city appeals to a broad range of residents.
How educated is Drakesville, IA?
9.3% of residents in Drakesville 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 Drakesville?
Key cost-of-living indicators for Drakesville, IA: median home value is $110,800 (55% below national), median rent is $0/month, and median household income is $76,250. The home-value-to-income ratio is 1.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Drakesville?
The poverty rate in Drakesville, IA is 5.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Drakesville, IA?
Drakesville'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.