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These days, finding an affordable place to live in the Ericson area can be challenging. Home prices in Ericson are now at a median cost of $378,887, higher than the Iowa average of $226,062.
The average cost of rent is $1,163/mo in Ericson, primarily driven by the current value of real estate in the Ericson area. In Ericson, 5.47% of households rent, and 34.27% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ericson is $10,370 per month. Households that rent pay about 11.22% of their income on rent here. Ericson’s most expensive areas are in the central 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
- Jordan, IA: less expensive homes
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Cities with Similar Populations
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- Between, GA: equally priced homes
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- Bible Grove, MO: less expensive homes
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