The Most Affordable Neighborhoods in Central City, IA by Home Value

These days, finding an affordable place to live in the Central City area can be challenging. Home prices in Central City are now at a median cost of $207,427, lower than the Iowa average of $226,062.

The average cost of rent is $922/mo in Central City, primarily driven by the current value of real estate in the Central City area. In Central City, 17.73% of households rent, and 44.08% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Central City is $7,267 per month. Households that rent pay about 12.68% of their income on rent here. Central City’s most expensive areas are in the northwestern 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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