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Affordable
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These days, finding an affordable place to live in the Paris area can be challenging. Home prices in Paris are now at a median cost of $161,311, lower than the Iowa average of $226,062.
The average cost of rent is $918/mo in Paris, primarily driven by the current value of real estate in the Paris area. In Paris, 10.06% of households rent, and 53.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Paris is $6,704 per month. Households that rent pay about 13.69% of their income on rent here. Paris’s most expensive areas are in the western regions, while the cheapest areas are in the central 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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Cities with Similar Populations
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