Libertyville, IA
Population 373 · Iowa
About Libertyville, IA
Libertyville is a small community located in Iowa with a population of 373 residents according to the latest US Census Bureau American Community Survey data. The median household income is $74,107 per year, which is 1% below the national median of $75,149. The median age of 42.5 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 Libertyville features a median home value of $177,700, which is 27% below the national median of $244,900. This positions Libertyville in a moderately priced market relative to the rest of the country. Median monthly rent is $930, 20% below the national average of $1,163/month. Of the 165 total housing units, 70% are owner-occupied (105 units) and 30% are renter-occupied (44 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Libertyville shows an unemployment rate of 3.8%, which is near the national rate of 3.7%. The poverty rate stands at 7.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Libertyville have an average one-way commute time of 15.9 minutes, one of the shorter commutes in the region.
Education & Demographics
14.7% of Libertyville 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 4.0% White, 2.9% Hispanic or Latino, 0.0% Black or African American, and 1.9% Asian residents, with 0.5% of the population being foreign-born.
Cost of Living in Libertyville, IA
Compared to national averages, Libertyville has a median household income of $74,107 (1% below the national median of $75,149). Home values average $177,700, which is 27% below the national median. Monthly rent at $930 is 20% below the US average of $1,163. Within Iowa, Libertyville's income is 9% above the state average of $67,947, and home values are 34% above the state median of $132,237.
Why Live in Libertyville, IA?
Libertyville offers affordable housing with a median home value of $177,700, below the US average of $244,900, and rent that’s lower than the national average at $930/month, and a low poverty rate of 7.3%, better than the national average. Additionally, the city features short commute times averaging just 15.9 minutes.
Potential considerations include median household income ($74,107) that falls below the national average. However, Libertyville’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Libertyville has a population of 373 with a median age of 42.5 years. Compare Libertyville with other cities to see how it stacks up, or explore all cities in Iowa.
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Cities in Iowa with a similar population size.
Demographics
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Economy & Education
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Other Cities in Iowa
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Libertyville
What is the population of Libertyville, IA?
The population of Libertyville, IA is 373 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 Libertyville?
The median household income in Libertyville, IA is $74,107 per year, which is 1% below the national median of $75,149.
What is the median home value in Libertyville?
The median home value in Libertyville, IA is $177,700, which is 27% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Libertyville?
The median monthly rent in Libertyville, IA is $930, which is 20% below the national average of $1,163/month.
What is the unemployment rate in Libertyville?
The unemployment rate in Libertyville, IA is 3.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Libertyville, IA a good place to live?
Libertyville offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 373 and a median age of 42.5, the city appeals to a broad range of residents.
How educated is Libertyville, IA?
14.7% of residents in Libertyville 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 Libertyville?
Key cost-of-living indicators for Libertyville, IA: median home value is $177,700 (27% below national), median rent is $930/month, and median household income is $74,107. The home-value-to-income ratio is 2.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Libertyville?
The poverty rate in Libertyville, IA is 7.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Libertyville, IA?
Libertyville's population is 4.0% White, 2.9% Hispanic or Latino, 0.0% Black or African American, 1.9% Asian, and 1.1% two or more races. 0.5% of residents are foreign-born.