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These days, finding an affordable place to live in the Algona area can be challenging. Home prices in Algona are now at a median cost of $186,335, lower than the Iowa average of $226,062.
The average cost of rent is $1,490/mo in Algona, primarily driven by the current value of real estate in the Algona area. In Algona, 27.06% of households rent, and 40.06% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Algona is $5,434 per month. Households that rent pay about 27.42% of their income on rent here. Algona’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hobarton, IA: higher priced homes
- Irvington, IA: equally priced homes
- Burt, IA: less expensive homes
- St. Benedict, IA: less expensive homes
- Lotts Creek, IA: less expensive homes
- Whittemore, IA: less expensive homes
- St. Joseph, IA: higher priced homes
- Lu Verne, IA: less expensive homes
- Lone Rock, IA: less expensive homes
- Wesley, IA: higher priced homes
Cities with Similar Populations
- Inola, OK: higher priced homes
- Mattawa, WA: higher priced homes
- Ormond-by-the-Sea, FL: higher priced homes
- Alta Sierra, CA: higher priced homes
- Lincroft, NJ: higher priced homes
- Pinckneyville, IL: less expensive homes
- Marlow, OK: less expensive homes
- Neptune Beach, FL: higher priced homes
- Sunset Beach, NC: higher priced homes
- Nashport, OH: higher priced homes
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