Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Downey area can be challenging. Home prices in Downey are now at a median cost of $224,877, higher than the Iowa average of $182,666.
The average cost of rent is $918/mo in Downey, primarily driven by the current value of real estate in the Downey area. While nearly 47.16% of residents own their homes outright in Downey, 27.45% rent.
Housing affordability isn’t just about home prices, though. The average household income in Downey is $6,467 per month. Households that rent pay about 14.19% of their income on rent here. Downey's most expensive areas are in the western regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- West Branch, IA: equally priced homes
- West Liberty, IA: less expensive homes
- Oasis, IA: higher priced homes
- Springdale, IA: less expensive homes
- Lone Tree, IA: less expensive homes
- Iowa City, IA: higher priced homes
- Hills, IA: less expensive homes
- University Heights, IA: higher priced homes
- Morse, IA: higher priced homes
- Nichols, IA: less expensive homes
Cities with Similar Populations
- Letona, AR: less expensive homes
- Scullin, OK: less expensive homes
- Schlater, MS: less expensive homes
- Sabine Pass, TX: less expensive homes
- Rundell, PA: less expensive homes
- Romayor, TX: less expensive homes
- Rogers, NE: less expensive homes
- Rockville, NE: less expensive homes
- Redoak, OH: less expensive homes
- Red Lane, WY: higher priced homes
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