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Affordable
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These days, finding an affordable place to live in the Red Oak area can be challenging. Home prices in Red Oak are now at a median cost of $131,015, lower than the Iowa average of $226,062.
The average cost of rent is $857/mo in Red Oak, primarily driven by the current value of real estate in the Red Oak area. In Red Oak, 36.72% of households rent, and 44.96% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Red Oak is $4,971 per month. Households that rent pay about 17.25% of their income on rent here. Red Oak’s most expensive areas are in the southeastern 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
- Hawthorne, IA: higher priced homes
- Stanton, IA: equally priced homes
- Coburg, IA: higher priced homes
- Stennett, IA: higher priced homes
- Nyman, IA: higher priced homes
- Emerson, IA: equally priced homes
- Elliott, IA: equally priced homes
- Wales, IA: higher priced homes
- Essex, IA: higher priced homes
- Villisca, IA: less expensive homes
Cities with Similar Populations
- Walbridge, OH: higher priced homes
- Angola, NY: higher priced homes
- Sisseton, SD: higher priced homes
- Annandale, MN: higher priced homes
- Arcanum, OH: higher priced homes
- Arlington Heights, PA: higher priced homes
- Armona, CA: higher priced homes
- Aromas, CA: higher priced homes
- Arrington, TN: higher priced homes
- Asbury, IA: higher priced homes
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