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Affordable
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These days, finding an affordable place to live in the Berea area can be challenging. Home prices in Berea are now at a median cost of $279,561, higher than the Iowa average of $226,062.
The average cost of rent is $692/mo in Berea, primarily driven by the current value of real estate in the Berea area. In Berea, 9.67% of households rent, and 53.49% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Berea is $6,507 per month. Households that rent pay about 10.64% of their income on rent here. Berea’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Anita, IA: less expensive homes
- Bridgewater, IA: less expensive homes
- Wiota, IA: less expensive homes
- Massena, IA: less expensive homes
- Fontanelle, IA: less expensive homes
- Adair, IA: less expensive homes
- Cumberland, IA: less expensive homes
- Casey, IA: equally priced homes
- Greenfield, IA: less expensive homes
- Lorah, IA: less expensive homes
Cities with Similar Populations
- West End, IL: less expensive homes
- Poolville, NY: less expensive homes
- Metal, PA: less expensive homes
- West Pierrepont, NY: less expensive homes
- Clear Fork, VA: less expensive homes
- Meadows, IL: less expensive homes
- Southland, TX: less expensive homes
- Clubb, MO: less expensive homes
- Pritchett, CO: less expensive homes
- Mayesburg, MO: equally priced homes
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