Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Menlo area can be challenging. Home prices in Menlo are now at a median cost of $179,911, lower than the Iowa average of $182,666.
The average cost of rent is $620/mo in Menlo, primarily driven by the current value of real estate in the Menlo area. While nearly 42.47% of residents own their homes outright in Menlo, 17.71% rent.
Housing affordability isn’t just about home prices, though. The average household income in Menlo is $6,652 per month. Households that rent pay about 9.31% of their income on rent here. Menlo's most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Stuart, IA: less expensive homes
- Casey, IA: less expensive homes
- Dale, IA: equally priced homes
- Howe, IA: less expensive homes
- Monteith, IA: less expensive homes
- Dexter, IA: higher priced homes
- Linden, IA: higher priced homes
- Guthrie Center, IA: less expensive homes
- Redfield, IA: less expensive homes
- Panora, IA: less expensive homes
Cities with Similar Populations
- Limestone, WV: equally priced homes
- Salem, NC: less expensive homes
- Safe, MO: equally priced homes
- Ruma, IL: less expensive homes
- Rowena, MO: less expensive homes
- Rose Hill, MS: less expensive homes
- Roaring Branch, PA: less expensive homes
- Line Lexington, PA: higher priced homes
- Lind, WA: less expensive homes
- Saltillo, TN: less expensive homes
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