Expensive
Affordable
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These days, finding an affordable place to live in the Iowa Colony area can be challenging. Home prices in Iowa Colony are now at a median cost of $475,050, higher than the Texas average of $322,096.
The average cost of rent is $1,931/mo in Iowa Colony, primarily driven by the current value of real estate in the Iowa Colony area. In Iowa Colony, 5.05% of households rent, and 15.29% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Iowa Colony is $14,917 per month. Households that rent pay about 12.95% of their income on rent here. Iowa Colony’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern 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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Cities with Similar Populations
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