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These days, finding an affordable place to live in the Macedonia area can be challenging. Home prices in Macedonia are now at a median cost of $251,469, higher than the Iowa average of $226,062.
The average cost of rent is $1,045/mo in Macedonia, primarily driven by the current value of real estate in the Macedonia area. In Macedonia, 20.95% of households rent, and 40.93% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Macedonia is $7,640 per month. Households that rent pay about 13.68% of their income on rent here. Macedonia’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central 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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