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These days, finding an affordable place to live in the Hanford area can be challenging. Home prices in Hanford are now at a median cost of $229,700, higher than the Iowa average of $226,062.
The average cost of rent is $553/mo in Hanford, primarily driven by the current value of real estate in the Hanford area. In Hanford, 4.81% of households rent, and 63.04% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hanford is $9,306 per month. Households that rent pay about 5.94% of their income on rent here. Hanford’s most expensive areas are in the central 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
- Portland, IA: higher priced homes
- Cartersville, IA: equally priced homes
- Mason City, IA: less expensive homes
- Rockwell, IA: less expensive homes
- Nora Springs, IA: less expensive homes
- Rock Falls, IA: less expensive homes
- Rockford, IA: less expensive homes
- Emery, IA: equally priced homes
- Freeman, IA: higher priced homes
- Dougherty, IA: less expensive homes
Cities with Similar Populations
- Padanaram, OH: less expensive homes
- New Zion, KY: less expensive homes
- Newark, MO: less expensive homes
- Newport, FL: higher priced homes
- Newville, WV: less expensive homes
- Northland, WI: higher priced homes
- Oak Forest, NC: higher priced homes
- Oak Hill, NY: higher priced homes
- Oak Orchard, NY: less expensive homes
- Orchard Beach, PA: equally priced homes
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