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Affordable
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These days, finding an affordable place to live in the Promise City area can be challenging. Home prices in Promise City are now at a median cost of $73,800, lower than the Iowa average of $226,062.
The average cost of rent is $1,104/mo in Promise City, primarily driven by the current value of real estate in the Promise City area. In Promise City, 12.01% of households rent, and 61.25% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Promise City is $6,985 per month. Households that rent pay about 15.81% of their income on rent here. Promise City’s most expensive areas are in the central 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.
Nearby Cities
- Plano, IA: higher priced homes
- Garfield, IA: higher priced homes
- Seymour, IA: higher priced homes
- Harvard, IA: higher priced homes
- Jerome, IA: higher priced homes
- Corydon, IA: higher priced homes
- Walnut City, IA: higher priced homes
- Mystic, IA: higher priced homes
- Millerton, IA: higher priced homes
- Sewal, IA: higher priced homes
Cities with Similar Populations
- Wood, NC: higher priced homes
- Bancroft, SD: higher priced homes
- Barnes City, IA: higher priced homes
- Bass, KY: higher priced homes
- Baton Rouge, SC: higher priced homes
- Beccaria, PA: higher priced homes
- Bellaire, PA: higher priced homes
- Blaine, OH: higher priced homes
- Bloomery, WV: higher priced homes
- Boneta, UT: higher priced homes
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