Farragut, IA
Population 397 · Iowa
About Farragut, IA
Farragut is a small community located in Iowa with a population of 397 residents according to the latest US Census Bureau American Community Survey data. The median household income is $65,938 per year, which is 12% below the national median of $75,149. The median age of 45.5 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 Farragut features a median home value of $102,900, which is 58% below the national median of $244,900. This makes Farragut one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $584, 50% below the national average of $1,163/month. Of the 241 total housing units, 69% are owner-occupied (147 units) and 31% are renter-occupied (67 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Farragut shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 10.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Farragut have an average one-way commute time of 17.5 minutes, one of the shorter commutes in the region.
Education & Demographics
12.7% of Farragut 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, 0.8% 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 Farragut, IA
Compared to national averages, Farragut has a median household income of $65,938 (12% below the national median of $75,149). Home values average $102,900, which is 58% below the national median. Monthly rent at $584 is 50% below the US average of $1,163. Within Iowa, Farragut's income is 3% below the state average of $67,947, and home values are 22% below the state median of $132,237.
Why Live in Farragut, IA?
Farragut offers affordable housing with a median home value of $102,900, below the US average of $244,900, and rent that’s lower than the national average at $584/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 10.1%, better than the national average, and short commute times averaging just 17.5 minutes.
Potential considerations include median household income ($65,938) that falls below the national average. However, Farragut’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Farragut has a population of 397 with a median age of 45.5 years. Compare Farragut with other cities to see how it stacks up, or explore all cities in Iowa.
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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 Farragut
What is the population of Farragut, IA?
The population of Farragut, IA is 397 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 Farragut?
The median household income in Farragut, IA is $65,938 per year, which is 12% below the national median of $75,149.
What is the median home value in Farragut?
The median home value in Farragut, IA is $102,900, which is 58% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Farragut?
The median monthly rent in Farragut, IA is $584, which is 50% below the national average of $1,163/month.
What is the unemployment rate in Farragut?
The unemployment rate in Farragut, IA is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Farragut, IA a good place to live?
Farragut offers a moderate cost of living, affordable housing, and a strong job market. With a population of 397 and a median age of 45.5, the city appeals to established professionals and retirees.
How educated is Farragut, IA?
12.7% of residents in Farragut 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 Farragut?
Key cost-of-living indicators for Farragut, IA: median home value is $102,900 (58% below national), median rent is $584/month, and median household income is $65,938. The home-value-to-income ratio is 1.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Farragut?
The poverty rate in Farragut, IA is 10.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Farragut, IA?
Farragut's population is 0.0% White, 0.8% 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.