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Stanhope, IA Profile: Facts & Data

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Stanhope, Iowa - Basic Facts

The City of Stanhope had a population of 351 as of July 1, 2023.

The primary coordinate point for Stanhope is located at latitude 42.2889 and longitude -93.7961 in Hamilton County. The formal boundaries for the City of Stanhope encompass a land area of 0.97 sq. miles and a water area of 0 sq. miles. Hamilton County is in the Central time zone (GMT -6).

The City of Stanhope 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 Stanhope is located within Township of Clear Lake, a minor civil division (MCD) of Hamilton County.


Jump to... (On This Page!)
  1. Stanhope 2023 Demographic Data
  2. Growth Rates for Stanhope (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Iowa Research Tools (Easy Tools & Current Data)
  3. Iowa Data Comparison Tool - 2023 Demographics
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Stanhope, IA Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 351 (100%)
Population in Households 351 (100.0%)
Population in Families 291 (82.9%)
Population in Group Quarters1 0
Population Density 358
Diversity Index2 19
 
 

INCOME

Median Household Income $57,157
Average Household Income $77,301
% of Income for Mortgage4 13%
Per Capita Income $37,219
Wealth Index5 65
Socioeconomic Status Index6 Moderate (56.7)
 

HOUSING

Total HU (Housing Units) 189 (100%)
Owner Occupied HU 129 (68.3%)
Renter Occupied HU 40 (21.2%)
Vacant Housing Units 20 (10.6%)
Median Home Value $119,444
Average Home Value $167,248
Housing Affordability Index3 178
 

HOUSEHOLDS

Total Households 169
Average Household Size 2.08
Family Households 104
Average Family Size 3.00
NOTES
  1. 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.
  2. 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.
  3. 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.
  4. 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).
  5. 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.
  6. 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

 2020-2023 2023-2028
Population -1.11% -0.23%
Households -0.54% -0.24%
Families   -0.39%
Median Household Income   0.44%
Per Capita Income   2.63%
Owner Occupied HU   -1.77%

Stanhope, IA - Peer Comparisons by Rank and Percentile

The table below compares Stanhope to the other 1,027 incorporated cities, towns and CDPs in Iowa by rank and percentile using July 1, 2023 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 # 537 48th
Population Density # 707 31st
Median Household Income # 781 24th
Housing Affordability Index # 755 74th
Per Capita Income # 576 44th
Diversity Index # 373 64th

Additional comparisons and rankings can be made with a VERY EASY TO USE Iowa Census Data Comparison Tool.

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