Hedrick, IA
Population 826 · Iowa
About Hedrick, IA
Hedrick is a small community located in Iowa with a population of 826 residents according to the latest US Census Bureau American Community Survey data. The median household income is $63,750 per year, which is 15% below the national median of $75,149. The median age of 39.2 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Hedrick features a median home value of $75,900, which is 69% below the national median of $244,900. This makes Hedrick one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $581, 50% below the national average of $1,163/month. Of the 302 total housing units, 73% are owner-occupied (198 units) and 27% are renter-occupied (74 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Hedrick shows an unemployment rate of 6.4%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 21.3%, above the national average of 12.4%. Workers in Hedrick have an average one-way commute time of 25.4 minutes.
Education & Demographics
13.6% of Hedrick 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 0.5% White, 0.6% 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 Hedrick, IA
Compared to national averages, Hedrick has a median household income of $63,750 (15% below the national median of $75,149). Home values average $75,900, which is 69% below the national median. Monthly rent at $581 is 50% below the US average of $1,163. Within Iowa, Hedrick's income is 6% below the state average of $67,947, and home values are 43% below the state median of $132,237.
Why Live in Hedrick, IA?
Hedrick offers affordable housing with a median home value of $75,900, below the US average of $244,900, and rent that’s lower than the national average at $581/month.
Potential considerations include median household income ($63,750) that falls below the national average. However, Hedrick’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Hedrick has a population of 826 with a median age of 39.2 years. Compare Hedrick 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 Hedrick
What is the population of Hedrick, IA?
The population of Hedrick, IA is 826 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 Hedrick?
The median household income in Hedrick, IA is $63,750 per year, which is 15% below the national median of $75,149.
What is the median home value in Hedrick?
The median home value in Hedrick, IA is $75,900, which is 69% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Hedrick?
The median monthly rent in Hedrick, IA is $581, which is 50% below the national average of $1,163/month.
What is the unemployment rate in Hedrick?
The unemployment rate in Hedrick, IA is 6.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Hedrick, IA a good place to live?
Hedrick offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 826 and a median age of 39.2, the city appeals to a broad range of residents.
How educated is Hedrick, IA?
13.6% of residents in Hedrick 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 Hedrick?
Key cost-of-living indicators for Hedrick, IA: median home value is $75,900 (69% below national), median rent is $581/month, and median household income is $63,750. The home-value-to-income ratio is 1.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Hedrick?
The poverty rate in Hedrick, IA is 21.3%, 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 Hedrick, IA?
Hedrick's population is 0.5% White, 0.6% 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.