Lambs Grove, IA
Population 296 · Iowa
About Lambs Grove, IA
Lambs Grove is a small community located in Iowa with a population of 296 residents according to the latest US Census Bureau American Community Survey data. The median household income is $94,479 per year, which is 26% above the national median of $75,149. The median age of 43.3 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 Lambs Grove features a median home value of $193,000, which is 21% below the national median of $244,900. This positions Lambs Grove in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 91 total housing units, 98% are owner-occupied (89 units) and 2% are renter-occupied (2 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lambs Grove shows an unemployment rate of 5.9%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 4.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lambs Grove have an average one-way commute time of 20 minutes.
Education & Demographics
16.1% of Lambs Grove 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 0.7% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.3% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Lambs Grove, IA
Compared to national averages, Lambs Grove has a median household income of $94,479 (26% above the national median of $75,149). Home values average $193,000, which is 21% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Iowa, Lambs Grove's income is 39% above the state average of $67,947, and home values are 46% above the state median of $132,237.
Why Live in Lambs Grove, IA?
Lambs Grove offers a strong local economy with a median household income of $94,479, well above the national average, and affordable housing with a median home value of $193,000, 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 4.1%, better than the national average, and short commute times averaging just 20 minutes.
Lambs Grove has a population of 296 with a median age of 43.3 years. Compare Lambs Grove with other cities to see how it stacks up, or explore all cities in Iowa.
Similar Cities Near Lambs Grove
Cities in Iowa with a similar population size.
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 Lambs Grove With Other Cities
Frequently Asked Questions about Lambs Grove
What is the population of Lambs Grove, IA?
The population of Lambs Grove, IA is 296 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 Lambs Grove?
The median household income in Lambs Grove, IA is $94,479 per year, which is 26% above the national median of $75,149.
What is the median home value in Lambs Grove?
The median home value in Lambs Grove, IA is $193,000, which is 21% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lambs Grove?
The median monthly rent in Lambs Grove, IA is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Lambs Grove?
The unemployment rate in Lambs Grove, IA is 5.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lambs Grove, IA a good place to live?
Lambs Grove offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 296 and a median age of 43.3, the city appeals to a broad range of residents.
How educated is Lambs Grove, IA?
16.1% of residents in Lambs Grove 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 Lambs Grove?
Key cost-of-living indicators for Lambs Grove, IA: median home value is $193,000 (21% below national), median rent is $0/month, and median household income is $94,479. The home-value-to-income ratio is 2.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lambs Grove?
The poverty rate in Lambs Grove, IA is 4.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lambs Grove, IA?
Lambs Grove's population is 0.7% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.3% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.