Packwood, IA
Population 484 · Iowa
About Packwood, IA
Packwood is a small community in Iowa with a population of 484 residents. The median household income is $43,750 per year, which is below the national average. The median age in Packwood is 37.4 years.
Housing in Packwood has a median home value of $79,100 and median monthly rent of $750. Of the 154 total housing units, the majority are owner-occupied, with 131 owner-occupied and 20 renter-occupied units.
The unemployment rate in Packwood is 13.9% and the poverty rate is 1.0%. 15.5% of residents hold a bachelor's degree or higher. The average commute time is 20.4 minutes.
Cost of Living in Packwood, IA
Compared to national averages, Packwood has a median household income of $43,750 (42% below the national median of $75,149). Home values average $79,100, which is 68% below the national median. Monthly rent at $750 is 36% below the US average of $1,163. Within Iowa, Packwood's income is 36% below the state average of $67,947, and home values are 40% below the state median of $132,237.
Why Live in Packwood, IA?
Packwood offers affordable housing with a median home value of $79,100, below the US average of $244,900, and rent that’s lower than the national average at $750/month, and a low poverty rate of 1.0%, better than the national average. Additionally, the city features short commute times averaging just 20.4 minutes.
Potential considerations include median household income ($43,750) that falls below the national average. However, Packwood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Packwood has a population of 484 with a median age of 37.4 years. Compare Packwood with other cities to see how it stacks up, or explore all cities in Iowa.
Similar Cities Near Packwood
Cities in Iowa with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Ocheyedan | 486 | $71,875 | $105,400 | Compare |
| Diagonal | 481 | $80,417 | $84,400 | Compare |
| Anthon | 488 | $52,500 | $94,800 | Compare |
| Stacyville | 480 | $61,875 | $107,800 | Compare |
| Birmingham | 479 | $58,688 | $97,300 | Compare |
| Charter Oak | 489 | $58,068 | $81,600 | Compare |
| Livermore | 478 | $62,273 | $67,700 | Compare |
| Norway | 490 | $91,250 | $155,400 | 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.
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Frequently Asked Questions about Packwood
What is the population of Packwood, IA?
The population of Packwood, IA is 484 according to the latest Census data.
What is the median household income in Packwood?
The median household income in Packwood, IA is $43,750 per year.
What is the median home value in Packwood?
The median home value in Packwood, IA is $79,100.
What is the average rent in Packwood?
The median monthly rent in Packwood, IA is $750.
What is the unemployment rate in Packwood?
The unemployment rate in Packwood, IA is 13.9%.