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These days, finding an affordable place to live in the Hobarton area can be challenging. Home prices in Hobarton are now at a median cost of $230,214, higher than the Iowa average of $226,062.
The average cost of rent is $966/mo in Hobarton, primarily driven by the current value of real estate in the Hobarton area. In Hobarton, 16.24% of households rent, and 49.35% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hobarton is $7,562 per month. Households that rent pay about 12.78% of their income on rent here. Hobarton’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
- Algona, IA: less expensive homes
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- St. Joseph, IA: equally priced homes
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Cities with Similar Populations
- Seven Lakes, NM: less expensive homes
- Luzerne, IA: higher priced homes
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- Ryegate, MT: equally priced homes
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- Sanatorium, MS: less expensive homes
- Sand Barrens, IL: less expensive homes
- Saxton, KY: less expensive homes
- Scipio, KS: equally priced homes
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