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Affordable
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These days, finding an affordable place to live in the Burr Oak area can be challenging. Home prices in Burr Oak are now at a median cost of $331,267, higher than the Iowa average of $226,062.
The average cost of rent is $1,012/mo in Burr Oak, primarily driven by the current value of real estate in the Burr Oak area. In Burr Oak, 30.01% of households rent, and 44.92% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Burr Oak is $6,121 per month. Households that rent pay about 16.53% of their income on rent here. Burr Oak’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
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Cities with Similar Populations
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