The Most Affordable Neighborhoods in Morning Sun, IA by Home Value

 

Morning Sun, IA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Morning Sun area can be challenging. Home prices in Morning Sun are now at a median cost of $138,122, lower than the Iowa average of $226,062.

The average cost of rent is $931/mo in Morning Sun, primarily driven by the current value of real estate in the Morning Sun area. In Morning Sun, 17.69% of households rent, and 50.08% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Morning Sun is $5,955 per month. Households that rent pay about 15.64% of their income on rent here. Morning Sun’s most expensive areas are in the northeastern 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.


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