Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Rake area can be challenging. Home prices in Rake are now at a median cost of $87,814, lower than the Iowa average of $182,666.
The average cost of rent is $746/mo in Rake, primarily driven by the current value of real estate in the Rake area. While nearly 53.48% of residents own their homes outright in Rake, 10.16% rent.
Housing affordability isn’t just about home prices, though. The average household income in Rake is $5,084 per month. Households that rent pay about 14.68% of their income on rent here. Rake's most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Buffalo Center, IA: equally priced homes
- Frost, MN: equally priced homes
- Bricelyn, MN: less expensive homes
- Elmore, MN: less expensive homes
- Thompson, IA: equally priced homes
- Kiester, MN: less expensive homes
- Lakota, IA: less expensive homes
- Dell, MN: higher priced homes
- Brush Creek, MN: higher priced homes
- Scarville, IA: equally priced homes
Cities with Similar Populations
- Almont, CO: higher priced homes
- Pomona, IL: higher priced homes
- Phillipsville, AL: higher priced homes
- Phoenix, MS: higher priced homes
- Pico, VA: higher priced homes
- Pigeon Creek, AL: higher priced homes
- Pike, TX: higher priced homes
- Pilot Knob, IN: higher priced homes
- Pine Creek, MI: higher priced homes
- Piney Bluff, GA: higher priced homes
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