The Most Affordable Neighborhoods in Armstrong, IA by Home Value

These days, finding an affordable place to live in the Armstrong area can be challenging. Home prices in Armstrong are now at a median cost of $110,608, lower than the Iowa average of $226,062.

The average cost of rent is $615/mo in Armstrong, primarily driven by the current value of real estate in the Armstrong area. In Armstrong, 20.01% of households rent, and 54.38% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Armstrong is $5,412 per month. Households that rent pay about 11.37% of their income on rent here. Armstrong’s most expensive areas are in the northeastern 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.

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