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These days, finding an affordable place to live in the Rutland area can be challenging. Home prices in Rutland are now at a median cost of $84,700, lower than the Iowa average of $226,062.
The average cost of rent is $716/mo in Rutland, primarily driven by the current value of real estate in the Rutland area. In Rutland, 10.47% of households rent, and 43.80% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Rutland is $6,869 per month. Households that rent pay about 10.42% of their income on rent here. Rutland’s most expensive areas are in the northeastern 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
- Humboldt, IA: higher priced homes
- Dakota City, IA: higher priced homes
- Bradgate, IA: equally priced homes
- Gilmore City, IA: higher priced homes
- Bode, IA: higher priced homes
- Livermore, IA: higher priced homes
- Pioneer, IA: higher priced homes
- Ottosen, IA: higher priced homes
- St. Joseph, IA: higher priced homes
- Hardy, IA: higher priced homes
Cities with Similar Populations
- Huckaby, MO: higher priced homes
- Hermitage, NY: higher priced homes
- Herod, IL: higher priced homes
- Herrick, SD: higher priced homes
- Hollis, NC: higher priced homes
- Homewood, AR: higher priced homes
- Hopeton, OK: higher priced homes
- Horse Thief, AZ: higher priced homes
- Hosterman, WV: higher priced homes
- Hereford, WV: higher priced homes
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