Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Iowa area can be challenging. Home prices in Iowa are now at a median cost of $182,666, lower than the the United States average of $313,691.
The average cost of rent is $884/mo in Iowa, primarily driven by the current value of real estate in the Iowa area. While nearly 39.60% of residents own their homes outright in Iowa, 27.26% rent.
Housing affordability isn’t just about home prices, though. The average household income in Iowa is $6,074 per month. Households that rent pay about 14.55% of their income on rent here. Iowa's most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the state.
Nearby States
States with Similar Populations
- Rhode Island: higher priced homes
- Mississippi: less expensive homes
- Montana: higher priced homes
- Nevada: higher priced homes
- New Hampshire: higher priced homes
- New Mexico: higher priced homes
- Ohio: equally priced homes
- Oklahoma: less expensive homes
- Puerto Rico: less expensive homes
- Alaska: higher priced homes
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