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These days, finding an affordable place to live in the Decorah area can be challenging. Home prices in Decorah are now at a median cost of $269,214, higher than the Iowa average of $226,062.
The average cost of rent is $897/mo in Decorah, primarily driven by the current value of real estate in the Decorah area. In Decorah, 30.92% of households rent, and 50.61% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Decorah is $6,399 per month. Households that rent pay about 14.02% of their income on rent here. Decorah’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.
Nearby Cities
- Quandahl, IA: higher priced homes
- Freeport, IA: higher priced homes
- Nordness, IA: less expensive homes
- Locust, IA: higher priced homes
- Conover, IA: less expensive homes
- Sattre, IA: higher priced homes
- Ridgeway, IA: higher priced homes
- Calmar, IA: less expensive homes
- Burr Oak, IA: higher priced homes
- Spillville, IA: less expensive homes
Cities with Similar Populations
- Yorktown, IN: less expensive homes
- Monmouth, IL: less expensive homes
- North Wantagh, NY: higher priced homes
- Monongahela, PA: less expensive homes
- Monticello, AR: less expensive homes
- Monticello, NY: less expensive homes
- Montoursville, PA: less expensive homes
- Montville, NJ: higher priced homes
- Morro Bay, CA: higher priced homes
- Moscow, PA: equally priced homes
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