The Most Affordable Neighborhoods in Iberia, MO by Home Value

These days, finding an affordable place to live in the Iberia area can be challenging. Home prices in Iberia are now at a median cost of $173,224, lower than the Missouri average of $246,641.

The average cost of rent is $529/mo in Iberia, primarily driven by the current value of real estate in the Iberia area. In Iberia, 11.76% of households rent, and 59.28% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Iberia is $5,859 per month. Households that rent pay about 9.02% of their income on rent here. Iberia’s most expensive areas are in the northern 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.

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