HOUSING MARKET REVIEW

Indianola is projected to grow at a percentage of .66 throughout the next 5 years, meaning that there is a need for additional housing to accomodate future residents. The current housing stock in Indianola is predominantly single-family detached units, which in todays market, is very limiting and often not affordable for a variety of individuals and families. Along with residents willing to commute to Des Moines for work, if affordable housing is not available in Indianola, buyers will seek it elsewhere.

The 2022 Elevate Indianola Comprehensive Plan has goals in place to “provide a variety of attractive housing options for residents, accomodating all income levels in all stages of life.” Providing more medium density and multi-family housing, which is a minority in Indianola, would align with this goal.

Total Housing Units - 6,014

Owner Occupied - 67%

Renter Occupied - 33%

Vacant - 523

Population - 15,833

Housing Units by Type

Total Housing Units - 6,014

Single Family, Detached - 3,804

Single Family, Attached - 453

Two Units / Duplex - 120

Multi-Family - 1,534

Mobile Home - 103