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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 $230,134, lower than the Texas average of $322,096.
The average cost of rent is $1,192/mo in Iola, primarily driven by the current value of real estate in the Iola area. In Iola, 14.49% of households rent, and 62.22% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Iola is $6,062 per month. Households that rent pay about 19.66% of their income on rent here. Iola’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Keith, TX: higher priced homes
- Kurten, TX: higher priced homes
- Singleton, TX: higher priced homes
- North Zulch, TX: equally priced homes
- Bedias, TX: equally priced homes
- Roans Prairie, TX: higher priced homes
- Wixon Valley, TX: higher priced homes
- Bryan, TX: equally priced homes
- Shiro, TX: higher priced homes
- Rye, TX: equally priced homes
Cities with Similar Populations
- Redland, TX: higher priced homes
- Kealakekua, HI: higher priced homes
- King William, VA: higher priced homes
- Lake Village, IN: equally priced homes
- Lipan, TX: higher priced homes
- Loreauville, LA: equally priced homes
- Attleboro Falls, MA: higher priced homes
- Mapleton, MN: equally priced homes
- Marengo, IN: less expensive homes
- Oxford, WI: less expensive homes
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