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Affordable
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These days, finding an affordable place to live in the Hancock area can be challenging. Home prices in Hancock are now at a median cost of $170,756, lower than the Iowa average of $226,062.
The average cost of rent is $846/mo in Hancock, primarily driven by the current value of real estate in the Hancock area. In Hancock, 21.48% of households rent, and 59.59% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hancock is $7,331 per month. Households that rent pay about 11.54% of their income on rent here. Hancock’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Oakland, IA: equally priced homes
- Avoca, IA: higher priced homes
- Walnut, IA: less expensive homes
- Shelby, IA: higher priced homes
- Carson, IA: higher priced homes
- Minden, IA: higher priced homes
- Marne, IA: less expensive homes
- Neola, IA: higher priced homes
- Lewis, IA: less expensive homes
- Macedonia, IA: higher priced homes
Cities with Similar Populations
- Racine, WV: less expensive homes
- Money Creek, MN: higher priced homes
- Monroe Junction, WA: higher priced homes
- Monson, CA: higher priced homes
- Montclair, IN: higher priced homes
- Monticello, OH: higher priced homes
- Montour, ID: higher priced homes
- Moomaw Corner, NE: higher priced homes
- Mulberry, KY: higher priced homes
- Momeyer, NC: higher priced homes
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