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These days, finding an affordable place to live in the Boone area can be challenging. Home prices in Boone are now at a median cost of $204,143, lower than the Iowa average of $226,062.
The average cost of rent is $943/mo in Boone, primarily driven by the current value of real estate in the Boone area. In Boone, 25.77% of households rent, and 36.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Boone is $6,530 per month. Households that rent pay about 14.44% of their income on rent here. Boone’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Logansport, IA: higher priced homes
- Jordan, IA: higher priced homes
- Ericson, IA: higher priced homes
- Moingona, IA: higher priced homes
- Fraser, IA: higher priced homes
- Ogden, IA: equally priced homes
- Ridgeport, IA: higher priced homes
- Luther, IA: higher priced homes
- Mackey, IA: higher priced homes
- Pilot Mound, IA: higher priced homes
Cities with Similar Populations
- Nashville, NC: equally priced homes
- Oil City, PA: less expensive homes
- North Adams, MA: equally priced homes
- Norridge, IL: higher priced homes
- Newtown, CT: higher priced homes
- Newton, NJ: higher priced homes
- Newman, CA: higher priced homes
- New Kensington, PA: less expensive homes
- New Holland, PA: higher priced homes
- New Franklin, OH: higher priced homes
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