Prescott, IA
Population 248 · Iowa
About Prescott, IA
Prescott is a small community in Iowa with a population of 248 residents. The median household income is $66,750 per year, which is near the national average. The median age in Prescott is 45.5 years.
Housing in Prescott has a median home value of $65,000 and median monthly rent of $920. Of the 108 total housing units, the majority are owner-occupied, with 80 owner-occupied and 20 renter-occupied units.
The unemployment rate in Prescott is 2.3% and the poverty rate is 3.2%. 7.9% of residents hold a bachelor's degree or higher. The average commute time is 20.6 minutes.
Cost of Living in Prescott, IA
Compared to national averages, Prescott has a median household income of $66,750 (11% below the national median of $75,149). Home values average $65,000, which is 73% below the national median. Monthly rent at $920 is 21% below the US average of $1,163. Within Iowa, Prescott's income is 2% below the state average of $67,947, and home values are 51% below the state median of $132,237.
Why Live in Prescott, IA?
Prescott offers affordable housing with a median home value of $65,000, below the US average of $244,900, and rent that’s lower than the national average at $920/month, and a strong job market with an unemployment rate of just 2.3%. Additionally, the city features a low poverty rate of 3.2%, better than the national average, and short commute times averaging just 20.6 minutes.
Potential considerations include median household income ($66,750) that falls below the national average. However, Prescott’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Prescott has a population of 248 with a median age of 45.5 years. Compare Prescott 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 Prescott
What is the population of Prescott, IA?
The population of Prescott, IA is 248 according to the latest Census data.
What is the median household income in Prescott?
The median household income in Prescott, IA is $66,750 per year.
What is the median home value in Prescott?
The median home value in Prescott, IA is $65,000.
What is the average rent in Prescott?
The median monthly rent in Prescott, IA is $920.
What is the unemployment rate in Prescott?
The unemployment rate in Prescott, IA is 2.3%.