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These days, finding an affordable place to live in the Packwood area can be challenging. Home prices in Packwood are now at a median cost of $155,567, lower than the Iowa average of $226,062.
The average cost of rent is $742/mo in Packwood, primarily driven by the current value of real estate in the Packwood area. In Packwood, 8.87% of households rent, and 31.19% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Packwood is $5,054 per month. Households that rent pay about 14.68% of their income on rent here. Packwood’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Pekin, IA: equally priced homes
- Ollie, IA: equally priced homes
- Richland, IA: less expensive homes
- Martinsburg, IA: higher priced homes
- Maharishi Vedic City, IA: equally priced homes
- Batavia, IA: higher priced homes
- Rubio, IA: higher priced homes
- Hedrick, IA: less expensive homes
- Veo, IA: higher priced homes
- Perlee, IA: higher priced homes
Cities with Similar Populations
- Jones Crossroads, AL: higher priced homes
- Smithtown, NC: higher priced homes
- Smith Town, KY: less expensive homes
- Slovan, PA: higher priced homes
- Skyline, MN: higher priced homes
- Simsboro, TX: less expensive homes
- Shorts Creek, VA: equally priced homes
- Kibbee, GA: equally priced homes
- Keltonburg, TN: higher priced homes
- Kellog, CA: higher priced homes
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