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Affordable
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These days, finding an affordable place to live in the Paton area can be challenging. Home prices in Paton are now at a median cost of $133,062, lower than the Iowa average of $226,062.
The average cost of rent is $845/mo in Paton, primarily driven by the current value of real estate in the Paton area. In Paton, 26.33% of households rent, and 44.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Paton is $6,228 per month. Households that rent pay about 13.57% of their income on rent here. Paton’s most expensive areas are in the southwestern 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.
Nearby Cities
- Dana, IA: equally priced homes
- Lanyon, IA: higher priced homes
- Gowrie, IA: equally priced homes
- Harcourt, IA: higher priced homes
- Boxholm, IA: higher priced homes
- Farlin, IA: higher priced homes
- Grand Junction, IA: less expensive homes
- Farnhamville, IA: less expensive homes
- Cooper, IA: higher priced homes
- Churdan, IA: equally priced homes
Cities with Similar Populations
- Green Spring, WV: higher priced homes
- Haynes, AR: less expensive homes
- Sinclair, WY: higher priced homes
- Silver Lake, MO: higher priced homes
- Hanston, KS: equally priced homes
- Silver City, MS: less expensive homes
- Hanover, ME: higher priced homes
- Hams Prairie, MO: higher priced homes
- Hallie, WI: higher priced homes
- Greenwood, NY: equally priced homes
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