Latimer, IA
Population 763 · Iowa
About Latimer, IA
Latimer is a small community located in Iowa with a population of 763 residents according to the latest US Census Bureau American Community Survey data. The median household income is $71,250 per year, which is 5% below the national median of $75,149. The median age of 33.5 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 Latimer features a median home value of $101,500, which is 59% below the national median of $244,900. This makes Latimer one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,020, 12% below the national average of $1,163/month. Of the 311 total housing units, 57% are owner-occupied (162 units) and 43% are renter-occupied (123 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Latimer shows an unemployment rate of 2.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 13.9%, above the national average of 12.4%. Workers in Latimer have an average one-way commute time of 20.6 minutes.
Education & Demographics
20.5% of Latimer 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 25.4% White, 0.9% Hispanic or Latino, 0.4% Black or African American, and 2.4% Asian residents, with 17.3% of the population being foreign-born.
Cost of Living in Latimer, IA
Compared to national averages, Latimer has a median household income of $71,250 (5% below the national median of $75,149). Home values average $101,500, which is 59% below the national median. Monthly rent at $1,020 is 12% below the US average of $1,163. Within Iowa, Latimer's income is 5% above the state average of $67,947, and home values are 23% below the state median of $132,237.
Why Live in Latimer, IA?
Latimer offers affordable housing with a median home value of $101,500, below the US average of $244,900, and rent that’s lower than the national average at $1,020/month, and a strong job market with an unemployment rate of just 2.4%. Additionally, the city features short commute times averaging just 20.6 minutes.
Potential considerations include median household income ($71,250) that falls below the national average. However, Latimer’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Latimer has a population of 763 with a median age of 33.5 years. Compare Latimer 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 Latimer
What is the population of Latimer, IA?
The population of Latimer, IA is 763 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 Latimer?
The median household income in Latimer, IA is $71,250 per year, which is 5% below the national median of $75,149.
What is the median home value in Latimer?
The median home value in Latimer, IA is $101,500, which is 59% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Latimer?
The median monthly rent in Latimer, IA is $1,020, which is 12% below the national average of $1,163/month.
What is the unemployment rate in Latimer?
The unemployment rate in Latimer, IA is 2.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Latimer, IA a good place to live?
Latimer offers a moderate cost of living, affordable housing, and a strong job market. With a population of 763 and a median age of 33.5, the city appeals to young professionals and families.
How educated is Latimer, IA?
20.5% of residents in Latimer 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 Latimer?
Key cost-of-living indicators for Latimer, IA: median home value is $101,500 (59% below national), median rent is $1,020/month, and median household income is $71,250. The home-value-to-income ratio is 1.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Latimer?
The poverty rate in Latimer, IA is 13.9%, 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 Latimer, IA?
Latimer's population is 25.4% White, 0.9% Hispanic or Latino, 0.4% Black or African American, 2.4% Asian, and 7.2% two or more races. 17.3% of residents are foreign-born.