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These days, finding an affordable place to live in the Faulkner area can be challenging. Home prices in Faulkner are now at a median cost of $169,985, lower than the Iowa average of $226,062.
The average cost of rent is $756/mo in Faulkner, primarily driven by the current value of real estate in the Faulkner area. In Faulkner, 36.73% of households rent, and 40.41% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Faulkner is $5,868 per month. Households that rent pay about 12.88% of their income on rent here. Faulkner’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
- Ackley, IA: less expensive homes
- Geneva, IA: less expensive homes
- Bradford, IA: equally priced homes
- Robertson, IA: less expensive homes
- Austinville, IA: equally priced homes
- Kesley, IA: higher priced homes
- Cleves, IA: less expensive homes
- Aplington, IA: higher priced homes
- Hampton, IA: less expensive homes
- Hansell, IA: less expensive homes
Cities with Similar Populations
- Oley Furnace, PA: higher priced homes
- Penns, MS: less expensive homes
- Peniel, WV: less expensive homes
- Pekin, NC: less expensive homes
- Peeltree, WV: higher priced homes
- Peach Bottom, VA: equally priced homes
- Palmer Springs, VA: higher priced homes
- Oliver, AR: equally priced homes
- Olive Branch, OH: higher priced homes
- Penny Hill, NC: less expensive homes
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