Letts, IA
Population 382 · Iowa
About Letts, IA
Letts is a small community located in Iowa with a population of 382 residents according to the latest US Census Bureau American Community Survey data. The median household income is $75,625 per year, which is 1% above the national median of $75,149. The median age of 41.3 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Letts features a median home value of $103,700, which is 58% below the national median of $244,900. This makes Letts one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $942, 19% below the national average of $1,163/month. Of the 147 total housing units, 86% are owner-occupied (111 units) and 14% are renter-occupied (18 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Letts shows an unemployment rate of 7.0%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 2.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Letts have an average one-way commute time of 23.8 minutes.
Education & Demographics
8.0% of Letts 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 8.6% White, 6.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 3.4% of the population being foreign-born.
Cost of Living in Letts, IA
Compared to national averages, Letts has a median household income of $75,625 (1% above the national median of $75,149). Home values average $103,700, which is 58% below the national median. Monthly rent at $942 is 19% below the US average of $1,163. Within Iowa, Letts's income is 11% above the state average of $67,947, and home values are 22% below the state median of $132,237.
Why Live in Letts, IA?
Letts offers a strong local economy with a median household income of $75,625, well above the national average, and affordable housing with a median home value of $103,700, below the US average of $244,900, and rent that’s lower than the national average at $942/month. Additionally, the city features a low poverty rate of 2.4%, better than the national average, and short commute times averaging just 23.8 minutes.
Letts has a population of 382 with a median age of 41.3 years. Compare Letts with other cities to see how it stacks up, or explore all cities in Iowa.
Similar Cities Near Letts
Cities in Iowa with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Bonaparte | 382 | $40,000 | $68,500 | Compare |
| Donahue | 382 | $103,750 | $211,900 | Compare |
| Duncombe | 382 | $63,125 | $108,200 | Compare |
| Callender | 381 | $66,667 | $107,100 | Compare |
| Lockridge | 383 | $93,929 | $79,700 | Compare |
| Ryan | 383 | $77,500 | $148,100 | Compare |
| Dow City | 384 | $46,932 | $130,200 | Compare |
| West Okoboji | 384 | $73,125 | $591,700 | 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 Letts With Other Cities
Frequently Asked Questions about Letts
What is the population of Letts, IA?
The population of Letts, IA is 382 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 Letts?
The median household income in Letts, IA is $75,625 per year, which is 1% above the national median of $75,149.
What is the median home value in Letts?
The median home value in Letts, IA is $103,700, which is 58% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Letts?
The median monthly rent in Letts, IA is $942, which is 19% below the national average of $1,163/month.
What is the unemployment rate in Letts?
The unemployment rate in Letts, IA is 7.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Letts, IA a good place to live?
Letts offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 382 and a median age of 41.3, the city appeals to a broad range of residents.
How educated is Letts, IA?
8.0% of residents in Letts 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 Letts?
Key cost-of-living indicators for Letts, IA: median home value is $103,700 (58% below national), median rent is $942/month, and median household income is $75,625. The home-value-to-income ratio is 1.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Letts?
The poverty rate in Letts, IA is 2.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Letts, IA?
Letts's population is 8.6% White, 6.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.3% two or more races. 3.4% of residents are foreign-born.