Nora Springs, IA Profile: Facts & Data

Nora Springs, Iowa - Basic Facts

The City of Nora Springs had a population of 1,324 as of July 1, 2024.

The primary coordinate point for Nora Springs is located at latitude 43.1427 and longitude -93.0044 in Floyd County. The formal boundaries for the City of Nora Springs encompass a land area of 2.18 sq. miles and a water area of 0.03 sq. miles. Floyd County is in the Central time zone (GMT -6).

The City of Nora Springs has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The City of Nora Springs is located within Township of Rock Grove, a minor civil division (MCD) of Floyd County.

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Nora Springs, IA Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	1,324 (100%)
Population in Households	1,283 (96.9%)
Population in Families	1,034 (78.1%)
Population in Group Quarters¹	41 ( 3.1%)
Population Density	597
Diversity Index²	20


INCOME
Median Household Income	$83,329
Average Household Income	$94,083
% of Income for Mortgage⁴	12%
Per Capita Income	$40,908
Wealth Index⁵	81
Socioeconomic Status Index⁶	Moderate (64.2)

HOUSING
Total HU (Housing Units)	621 (100%)
Owner Occupied HU	494 (79.5%)
Renter Occupied HU	81 (13.0%)
Vacant Housing Units	46 ( 7.4%)
Median Home Value	$164,865
Average Home Value	$222,318
Housing Affordability Index³	190

HOUSEHOLDS
Total Households	575
Average Household Size	2.23
Family Households	368
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

621 (100%)

Owner Occupied HU

494 (79.5%)

Renter Occupied HU

81 (13.0%)

Vacant Housing Units

46 ( 7.4%)

Median Home Value

$164,865

Average Home Value

$222,318

Housing Affordability Index³

190

HOUSEHOLDS

Total Households

575

Average Household Size

2.23

Family Households

368

Average Family Size

3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.78%	-0.24%
Households	0.04%	0.10%
Families		0.16%
Median Household Income		2.90%
Per Capita Income		2.77%
Owner Occupied HU		0.36%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

-0.78%

-0.24%

Households

0.04%

0.10%

Families

0.16%

Median Household Income

2.90%

Per Capita Income

2.77%

Owner Occupied HU

0.36%

Nora Springs, IA - Peer Comparisons by Rank and Percentile

The table below compares Nora Springs to the other 1,026 incorporated cities, towns and CDPs in Iowa by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description	Rank	Percentile
Total Population	# 229	78th
Population Density	# 528	49th
Median Household Income	# 309	70th
Housing Affordability Index	# 890	87th
Per Capita Income	# 497	52nd
Diversity Index	# 326	69th

Variable Description

Rank

Percentile

Total Population

# 229

78th

Population Density

# 528

49th

Median Household Income

# 309

70th

Housing Affordability Index

# 890

87th

Per Capita Income

# 497

52nd

Diversity Index

# 326

69th

Iowa Census Data Comparison Tool

Nora Springs, IA Profile: Facts & Data

Nora Springs, Iowa - Basic Facts

Nora Springs, IA Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Nora Springs, IA - Peer Comparisons by Rank and Percentile

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Floyd County