Victor, IA
Population 946 · Iowa
About Victor, IA
Victor is a small community located in Iowa with a population of 946 residents according to the latest US Census Bureau American Community Survey data. The median household income is $70,694 per year, which is 6% below the national median of $75,149. The median age of 38.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Victor features a median home value of $116,200, which is 53% below the national median of $244,900. This makes Victor one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $742, 36% below the national average of $1,163/month. Of the 391 total housing units, 88% are owner-occupied (305 units) and 12% are renter-occupied (40 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Victor shows an unemployment rate of 2.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 23.9%, above the national average of 12.4%. Workers in Victor have an average one-way commute time of 23.5 minutes.
Education & Demographics
22.5% of Victor 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, 0.2% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.4% of the population being foreign-born.
Cost of Living in Victor, IA
Compared to national averages, Victor has a median household income of $70,694 (6% below the national median of $75,149). Home values average $116,200, which is 53% below the national median. Monthly rent at $742 is 36% below the US average of $1,163. Within Iowa, Victor's income is 4% above the state average of $67,947, and home values are 12% below the state median of $132,237.
Why Live in Victor, IA?
Victor offers affordable housing with a median home value of $116,200, below the US average of $244,900, and rent that’s lower than the national average at $742/month, and a strong job market with an unemployment rate of just 2.6%. Additionally, the city features short commute times averaging just 23.5 minutes.
Potential considerations include median household income ($70,694) that falls below the national average. However, Victor’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Victor has a population of 946 with a median age of 38.4 years. Compare Victor with other cities to see how it stacks up, or explore all cities in Iowa.
Similar Cities Near Victor
Cities in Iowa with a similar population size.
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.
Compare Victor With Other Cities
Frequently Asked Questions about Victor
What is the population of Victor, IA?
The population of Victor, IA is 946 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 Victor?
The median household income in Victor, IA is $70,694 per year, which is 6% below the national median of $75,149.
What is the median home value in Victor?
The median home value in Victor, IA is $116,200, which is 53% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Victor?
The median monthly rent in Victor, IA is $742, which is 36% below the national average of $1,163/month.
What is the unemployment rate in Victor?
The unemployment rate in Victor, IA is 2.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Victor, IA a good place to live?
Victor offers a moderate cost of living, affordable housing, and a strong job market. With a population of 946 and a median age of 38.4, the city appeals to a broad range of residents.
How educated is Victor, IA?
22.5% of residents in Victor 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 Victor?
Key cost-of-living indicators for Victor, IA: median home value is $116,200 (53% below national), median rent is $742/month, and median household income is $70,694. The home-value-to-income ratio is 1.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Victor?
The poverty rate in Victor, IA is 23.9%, 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 Victor, IA?
Victor's population is 0.0% White, 0.2% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.4% of residents are foreign-born.