Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Iola area can be challenging. Home prices in Iola are now at a median cost of $112,805, lower than the Illinois average of $242,002.
The average cost of rent is $680/mo in Iola, primarily driven by the current value of real estate in the Iola area. While nearly 63.75% of residents own their homes outright in Iola, 15.98% rent.
Housing affordability isn’t just about home prices, though. The average household income in Iola is $4,640 per month. Households that rent pay about 14.65% of their income on rent here. Iola's most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Louisville, IL: less expensive homes
- Riffle, IL: equally priced homes
- Hord, IL: equally priced homes
- Oskaloosa, IL: equally priced homes
- Flora, IL: less expensive homes
- Sailor Springs, IL: equally priced homes
- Edgewood, IL: equally priced homes
- Eberle, IL: higher priced homes
- La Clede, IL: less expensive homes
- Ingraham, IL: equally priced homes
Cities with Similar Populations
- Eureka, IN: higher priced homes
- Wallington, NY: higher priced homes
- Weinert, TX: less expensive homes
- Filson, IL: higher priced homes
- Fields, OH: higher priced homes
- Faywood, NM: higher priced homes
- Farill, AL: higher priced homes
- Falun, KS: higher priced homes
- Fairy, TX: less expensive homes
- Fairbanks, KY: higher priced homes
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