The Most Affordable Neighborhoods in Farmersburg, IA by Home Value

These days, finding an affordable place to live in the Farmersburg area can be challenging. Home prices in Farmersburg are now at a median cost of $156,789, lower than the Iowa average of $226,062.

The average cost of rent is $694/mo in Farmersburg, primarily driven by the current value of real estate in the Farmersburg area. In Farmersburg, 28.21% of households rent, and 42.92% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Farmersburg is $5,573 per month. Households that rent pay about 12.46% of their income on rent here. Farmersburg’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern 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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