The Most Affordable Neighborhoods in Marshalltown, IA by Home Value

These days, finding an affordable place to live in the Marshalltown area can be challenging. Home prices in Marshalltown are now at a median cost of $142,564, lower than the Iowa average of $226,062.

The average cost of rent is $1,111/mo in Marshalltown, primarily driven by the current value of real estate in the Marshalltown area. In Marshalltown, 29.50% of households rent, and 46.29% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Marshalltown is $6,043 per month. Households that rent pay about 18.39% of their income on rent here. Marshalltown’s most expensive areas are in the southern regions, while the cheapest areas are in the northern 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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