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These days, finding an affordable place to live in the Iowa Falls area can be challenging. Home prices in Iowa Falls are now at a median cost of $132,253, lower than the Iowa average of $226,062.
The average cost of rent is $866/mo in Iowa Falls, primarily driven by the current value of real estate in the Iowa Falls area. In Iowa Falls, 37.12% of households rent, and 46.06% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Iowa Falls is $5,133 per month. Households that rent pay about 16.87% of their income on rent here. Iowa Falls’s most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Burdette, IA: less expensive homes
- Robertson, IA: equally priced homes
- Alden, IA: equally priced homes
- Owasa, IA: equally priced homes
- Bradford, IA: higher priced homes
- Buckeye, IA: equally priced homes
- Popejoy, IA: less expensive homes
- Gifford, IA: equally priced homes
- Faulkner, IA: higher priced homes
- Ackley, IA: less expensive homes
Cities with Similar Populations
- West Clarkston-Highland, WA: higher priced homes
- Bonneau, SC: higher priced homes
- Bono, AR: higher priced homes
- Boones Mill, VA: higher priced homes
- Brady, TX: higher priced homes
- Branford Center, CT: higher priced homes
- Breese, IL: higher priced homes
- Bridgeport, PA: higher priced homes
- Broad Brook, CT: higher priced homes
- Brodhead, WI: higher priced homes
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