Rake, IA
Population 199 · Iowa
About Rake, IA
Rake is a small community located in Iowa with a population of 199 residents according to the latest US Census Bureau American Community Survey data. The median household income is $41,071 per year, which is 45% below the national median of $75,149. The median age of 49.1 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 Rake features a median home value of $34,200, which is 86% below the national median of $244,900. This makes Rake one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $792, 32% below the national average of $1,163/month. Of the 101 total housing units, 85% are owner-occupied (78 units) and 15% are renter-occupied (14 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Rake 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 22.6%, above the national average of 12.4%. Workers in Rake have an average one-way commute time of 22 minutes.
Education & Demographics
20.8% of Rake 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, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 6.0% of the population being foreign-born.
How Rake Ranks in Iowa
Cost of Living in Rake, IA
Compared to national averages, Rake has a median household income of $41,071 (45% below the national median of $75,149). Home values average $34,200, which is 86% below the national median. Monthly rent at $792 is 32% below the US average of $1,163. Within Iowa, Rake's income is 40% below the state average of $67,947, and home values are 74% below the state median of $132,237.
Why Live in Rake, IA?
Rake offers affordable housing with a median home value of $34,200, below the US average of $244,900, and rent that’s lower than the national average at $792/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features short commute times averaging just 22 minutes.
Potential considerations include median household income ($41,071) that falls below the national average. However, Rake’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Rake has a population of 199 with a median age of 49.1 years. Compare Rake 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 Rake
What is the population of Rake, IA?
The population of Rake, IA is 199 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 Rake?
The median household income in Rake, IA is $41,071 per year, which is 45% below the national median of $75,149.
What is the median home value in Rake?
The median home value in Rake, IA is $34,200, which is 86% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Rake?
The median monthly rent in Rake, IA is $792, which is 32% below the national average of $1,163/month.
What is the unemployment rate in Rake?
The unemployment rate in Rake, 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 Rake, IA a good place to live?
Rake offers a moderate cost of living, affordable housing, and a strong job market. With a population of 199 and a median age of 49.1, the city appeals to established professionals and retirees.
How educated is Rake, IA?
20.8% of residents in Rake 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 Rake?
Key cost-of-living indicators for Rake, IA: median home value is $34,200 (86% below national), median rent is $792/month, and median household income is $41,071. The home-value-to-income ratio is 0.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Rake?
The poverty rate in Rake, IA is 22.6%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Rake, IA?
Rake's population is 4.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 1.0% two or more races. 6.0% of residents are foreign-born.