Olds, IA
Population 75 · Iowa
About Olds, IA
Olds is a small community located in Iowa with a population of 75 residents according to the latest US Census Bureau American Community Survey data. The median household income is $48,500 per year, which is 35% below the national median of $75,149. The median age of 49.3 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 Olds features a median home value of $137,500, which is 44% below the national median of $244,900. This makes Olds one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $770, 34% below the national average of $1,163/month. Of the 59 total housing units, 43% are owner-occupied (20 units) and 57% are renter-occupied (26 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Olds shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 6.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Olds have an average one-way commute time of 25.4 minutes.
Education & Demographics
9.1% of Olds 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 0.0% White, 0.0% 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 Olds, IA
Compared to national averages, Olds has a median household income of $48,500 (35% below the national median of $75,149). Home values average $137,500, which is 44% below the national median. Monthly rent at $770 is 34% below the US average of $1,163. Within Iowa, Olds's income is 29% below the state average of $67,947, and home values are 4% above the state median of $132,237.
Why Live in Olds, IA?
Olds offers affordable housing with a median home value of $137,500, below the US average of $244,900, and rent that’s lower than the national average at $770/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 6.7%, better than the national average.
Potential considerations include median household income ($48,500) that falls below the national average. However, Olds’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Olds has a population of 75 with a median age of 49.3 years. Compare Olds 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 Olds
What is the population of Olds, IA?
The population of Olds, IA is 75 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 Olds?
The median household income in Olds, IA is $48,500 per year, which is 35% below the national median of $75,149.
What is the median home value in Olds?
The median home value in Olds, IA is $137,500, which is 44% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Olds?
The median monthly rent in Olds, IA is $770, which is 34% below the national average of $1,163/month.
What is the unemployment rate in Olds?
The unemployment rate in Olds, IA is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Olds, IA a good place to live?
Olds offers a moderate cost of living, affordable housing, and a strong job market. With a population of 75 and a median age of 49.3, the city appeals to established professionals and retirees.
How educated is Olds, IA?
9.1% of residents in Olds 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 Olds?
Key cost-of-living indicators for Olds, IA: median home value is $137,500 (44% below national), median rent is $770/month, and median household income is $48,500. The home-value-to-income ratio is 2.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Olds?
The poverty rate in Olds, IA is 6.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Olds, IA?
Olds's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 5.3% two or more races. 0.0% of residents are foreign-born.