Iowa Colony, TX
Population 11,028 · Texas
About Iowa Colony, TX
Iowa Colony is a mid-sized city located in Texas with a population of 11,028 residents according to the latest US Census Bureau American Community Survey data. The median household income is $126,167 per year, which is 68% above the national median of $75,149. The median age of 34.5 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 Iowa Colony features a median home value of $356,300, which is 45% above the national median of $244,900. This positions Iowa Colony in a moderately priced market relative to the rest of the country. Median monthly rent is $2,188, 88% above the national average of $1,163/month. Of the 4,144 total housing units, 98% are owner-occupied (3,567 units) and 2% are renter-occupied (75 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Iowa Colony shows an unemployment rate of 5.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 5.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Iowa Colony have an average one-way commute time of 37.8 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
44.1% of Iowa Colony residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 15.9% White, 0.6% Hispanic or Latino, 3.6% Black or African American, and 3.0% Asian residents, with 8.0% of the population being foreign-born.
Cost of Living in Iowa Colony, TX
Compared to national averages, Iowa Colony has a median household income of $126,167 (68% above the national median of $75,149). Home values average $356,300, which is 45% above the national median. Monthly rent at $2,188 is 88% above the US average of $1,163. Within Texas, Iowa Colony's income is 73% above the state average of $72,726, and home values are 68% above the state median of $211,769.
Why Live in Iowa Colony, TX?
Iowa Colony offers a strong local economy with a median household income of $126,167, well above the national average, and a well-educated community where 44.1% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.6%, better than the national average.
Iowa Colony has a population of 11,028 with a median age of 34.5 years. Compare Iowa Colony with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Iowa Colony
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Heartland | 11,019 | $107,165 | $305,000 | Compare |
| Burkburnett | 11,012 | $65,796 | $143,500 | Compare |
| Elgin | 10,996 | $85,666 | $267,900 | Compare |
| Pleasanton | 10,854 | $65,602 | $203,100 | Compare |
| Fredericksburg | 11,254 | $57,474 | $442,800 | Compare |
| Selma | 11,302 | $97,153 | $288,700 | Compare |
| Snyder | 11,310 | $54,067 | $102,500 | Compare |
| Scenic Oaks | 10,727 | $178,125 | $531,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Texas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Iowa Colony With Other Cities
Frequently Asked Questions about Iowa Colony
What is the population of Iowa Colony, TX?
The population of Iowa Colony, TX is 11,028 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Texas.
What is the median household income in Iowa Colony?
The median household income in Iowa Colony, TX is $126,167 per year, which is 68% above the national median of $75,149.
What is the median home value in Iowa Colony?
The median home value in Iowa Colony, TX is $356,300, which is 45% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Iowa Colony?
The median monthly rent in Iowa Colony, TX is $2,188, which is 88% above the national average of $1,163/month.
What is the unemployment rate in Iowa Colony?
The unemployment rate in Iowa Colony, TX is 5.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Iowa Colony, TX a good place to live?
Iowa Colony offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 11,028 and a median age of 34.5, the city appeals to young professionals and families.
How educated is Iowa Colony, TX?
44.1% of residents in Iowa Colony aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Iowa Colony?
Key cost-of-living indicators for Iowa Colony, TX: median home value is $356,300 (45% above national), median rent is $2,188/month, and median household income is $126,167. The home-value-to-income ratio is 2.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Iowa Colony?
The poverty rate in Iowa Colony, TX is 5.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Iowa Colony, TX?
Iowa Colony's population is 15.9% White, 0.6% Hispanic or Latino, 3.6% Black or African American, 3.0% Asian, and 42.4% two or more races. 8.0% of residents are foreign-born.