Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Iowa City area can be challenging. Home prices in Iowa City are now at a median cost of $283,779, higher than the Iowa average of $182,666.
The average cost of rent is $1,128/mo in Iowa City, primarily driven by the current value of real estate in the Iowa City area. While nearly 37.78% of residents own their homes outright in Iowa City, 46.22% rent.
Housing affordability isn’t just about home prices, though. The average household income in Iowa City is $5,605 per month. Households that rent pay about 20.12% of their income on rent here. Iowa City's most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- University Heights, IA: higher priced homes
- Coralville, IA: equally priced homes
- Hills, IA: less expensive homes
- Morse, IA: higher priced homes
- North Liberty, IA: equally priced homes
- Tiffin, IA: equally priced homes
- Oasis, IA: equally priced homes
- Downey, IA: less expensive homes
- West Branch, IA: less expensive homes
- Solon, IA: higher priced homes
Cities with Similar Populations
- St. Cloud, FL: less expensive homes
- Springfield, MO: less expensive homes
- Springfield, MA: less expensive homes
- Springfield, IL: less expensive homes
- South Jordan, UT: higher priced homes
- Smyrna, GA: higher priced homes
- St. Augustine, FL: equally priced homes
- South Bend, IN: less expensive homes
- South Hill, WA: higher priced homes
- Springfield, OH: less expensive homes
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