The Most Affordable Neighborhoods in Iberia, MO by Home Value

 

Iberia, MO Map of Most Affordable Neighborhoods
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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 $129,008, lower than the Missouri average of $194,908.

The average cost of rent is $535/mo in Iberia, primarily driven by the current value of real estate in the Iberia area. While nearly 58.17% of residents own their homes outright in Iberia, 15.73% rent.

Housing affordability isn’t just about home prices, though. The average household income in Iberia is $4,267 per month. Households that rent pay about 12.55% of their income on rent here. Iberia's most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.


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