Stanhope, IA
Population 515 · Iowa
About Stanhope, IA
Stanhope is a small community located in Iowa with a population of 515 residents according to the latest US Census Bureau American Community Survey data. The median household income is $64,479 per year, which is 14% below the national median of $75,149. The median age of 35.7 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Stanhope features a median home value of $106,400, which is 57% below the national median of $244,900. This makes Stanhope one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $564, 52% below the national average of $1,163/month. Of the 230 total housing units, 71% are owner-occupied (148 units) and 29% are renter-occupied (59 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Stanhope shows an unemployment rate of 0.7%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 11.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Stanhope have an average one-way commute time of 28.9 minutes.
Education & Demographics
13.8% of Stanhope 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 3.7% White, 0.2% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.8% of the population being foreign-born.
How Stanhope Ranks in Iowa
Cost of Living in Stanhope, IA
Compared to national averages, Stanhope has a median household income of $64,479 (14% below the national median of $75,149). Home values average $106,400, which is 57% below the national median. Monthly rent at $564 is 52% below the US average of $1,163. Within Iowa, Stanhope's income is 5% below the state average of $67,947, and home values are 20% below the state median of $132,237.
Why Live in Stanhope, IA?
Stanhope offers affordable housing with a median home value of $106,400, below the US average of $244,900, and rent that’s lower than the national average at $564/month, and a strong job market with an unemployment rate of just 0.7%. Additionally, the city features a low poverty rate of 11.3%, better than the national average.
Potential considerations include median household income ($64,479) that falls below the national average. However, Stanhope’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Stanhope has a population of 515 with a median age of 35.7 years. Compare Stanhope 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 Stanhope
What is the population of Stanhope, IA?
The population of Stanhope, IA is 515 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 Stanhope?
The median household income in Stanhope, IA is $64,479 per year, which is 14% below the national median of $75,149.
What is the median home value in Stanhope?
The median home value in Stanhope, IA is $106,400, which is 57% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Stanhope?
The median monthly rent in Stanhope, IA is $564, which is 52% below the national average of $1,163/month.
What is the unemployment rate in Stanhope?
The unemployment rate in Stanhope, IA is 0.7%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Stanhope, IA a good place to live?
Stanhope offers a moderate cost of living, affordable housing, and a strong job market. With a population of 515 and a median age of 35.7, the city appeals to a broad range of residents.
How educated is Stanhope, IA?
13.8% of residents in Stanhope 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 Stanhope?
Key cost-of-living indicators for Stanhope, IA: median home value is $106,400 (57% below national), median rent is $564/month, and median household income is $64,479. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Stanhope?
The poverty rate in Stanhope, IA is 11.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Stanhope, IA?
Stanhope's population is 3.7% White, 0.2% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.2% two or more races. 0.8% of residents are foreign-born.