Fredonia, IA
Population 232 · Iowa
About Fredonia, IA
Fredonia is a small community located in Iowa with a population of 232 residents according to the latest US Census Bureau American Community Survey data. The median household income is $51,250 per year, which is 32% below the national median of $75,149. The median age of 25.7 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 Fredonia features a median home value of $86,400, which is 65% below the national median of $244,900. This makes Fredonia 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 84 total housing units, 90% are owner-occupied (69 units) and 10% are renter-occupied (8 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Fredonia shows an unemployment rate of 1.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 27.2%, above the national average of 12.4%. Workers in Fredonia have an average one-way commute time of 20.4 minutes.
Education & Demographics
38.4% of Fredonia residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 55.6% White, 0.9% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 7.3% of the population being foreign-born.
Cost of Living in Fredonia, IA
Compared to national averages, Fredonia has a median household income of $51,250 (32% below the national median of $75,149). Home values average $86,400, which is 65% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Iowa, Fredonia's income is 25% below the state average of $67,947, and home values are 35% below the state median of $132,237.
Why Live in Fredonia, IA?
Fredonia offers affordable housing with a median home value of $86,400, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 1.3%. Additionally, the city features a well-educated community where 38.4% of residents hold a bachelor’s degree or higher, and short commute times averaging just 20.4 minutes.
Potential considerations include median household income ($51,250) that falls below the national average. However, Fredonia’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Fredonia has a population of 232 with a median age of 25.7 years. Compare Fredonia with other cities to see how it stacks up, or explore all cities in Iowa.
Similar Cities Near Fredonia
Cities in Iowa with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Hancock | 232 | $79,375 | $98,300 | Compare |
| Grafton | 233 | $52,188 | $94,600 | Compare |
| Maharishi Vedic City | 233 | $62,813 | $328,600 | Compare |
| Alexander | 230 | $78,750 | $54,400 | Compare |
| Burr Oak | 234 | $62,813 | $130,900 | Compare |
| Luxemburg | 230 | $77,292 | $168,300 | Compare |
| Crystal Lake | 229 | $82,500 | $86,000 | Compare |
| Parnell | 229 | $56,667 | $118,800 | 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 Fredonia With Other Cities
Frequently Asked Questions about Fredonia
What is the population of Fredonia, IA?
The population of Fredonia, IA is 232 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 Fredonia?
The median household income in Fredonia, IA is $51,250 per year, which is 32% below the national median of $75,149.
What is the median home value in Fredonia?
The median home value in Fredonia, IA is $86,400, which is 65% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Fredonia?
The median monthly rent in Fredonia, IA is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Fredonia?
The unemployment rate in Fredonia, IA is 1.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Fredonia, IA a good place to live?
Fredonia offers a moderate cost of living, affordable housing, and a strong job market. With a population of 232 and a median age of 25.7, the city appeals to young professionals and families.
How educated is Fredonia, IA?
38.4% of residents in Fredonia aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Fredonia?
Key cost-of-living indicators for Fredonia, IA: median home value is $86,400 (65% below national), median rent is $0/month, and median household income is $51,250. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Fredonia?
The poverty rate in Fredonia, IA is 27.2%, 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 Fredonia, IA?
Fredonia's population is 55.6% White, 0.9% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 7.3% of residents are foreign-born.