The Most Affordable Neighborhoods in Mallard, IA by Home Value

 

Mallard, IA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Mallard area can be challenging. Home prices in Mallard are now at a median cost of $128,406, lower than the Iowa average of $182,666.

The average cost of rent is $706/mo in Mallard, primarily driven by the current value of real estate in the Mallard area. While nearly 44.15% of residents own their homes outright in Mallard, 15.39% rent.

Housing affordability isn’t just about home prices, though. The average household income in Mallard is $6,813 per month. Households that rent pay about 10.37% of their income on rent here. Mallard's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.


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