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These days, finding an affordable place to live in the Larchwood area can be challenging. Home prices in Larchwood are now at a median cost of $269,559, higher than the Iowa average of $226,062.
The average cost of rent is $867/mo in Larchwood, primarily driven by the current value of real estate in the Larchwood area. In Larchwood, 19.70% of households rent, and 34.58% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Larchwood is $7,197 per month. Households that rent pay about 12.05% of their income on rent here. Larchwood’s most expensive areas are in the southern 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
- Lester, IA: higher priced homes
- Rowena, SD: higher priced homes
- Hills, MN: less expensive homes
- Valley Springs, SD: equally priced homes
- Alvord, IA: equally priced homes
- Inwood, IA: equally priced homes
- Steen, MN: less expensive homes
- Pine Lakes Addition, SD: higher priced homes
- Brandon, SD: higher priced homes
- Harrisburg, SD: higher priced homes
Cities with Similar Populations
- Williamsville, IL: less expensive homes
- Exeter, MO: less expensive homes
- Fort Polk North, LA: less expensive homes
- Glendale, KY: higher priced homes
- Grasston, MN: equally priced homes
- Addison, AL: less expensive homes
- Yoder, IN: less expensive homes
- Hardee Cross Roads, NC: less expensive homes
- Winthrop, MN: less expensive homes
- Wilton, WI: less expensive homes
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