Expensive
Affordable
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These days, finding an affordable place to live in the Denmark area can be challenging. Home prices in Denmark are now at a median cost of $200,017, lower than the Iowa average of $226,062.
The average cost of rent is $900/mo in Denmark, primarily driven by the current value of real estate in the Denmark area. In Denmark, 8.96% of households rent, and 30.07% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Denmark is $8,924 per month. Households that rent pay about 10.08% of their income on rent here. Denmark’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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