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Affordable
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These days, finding an affordable place to live in the Shannon City area can be challenging. Home prices in Shannon City are now at a median cost of $162,212, lower than the Iowa average of $226,062.
The average cost of rent is $934/mo in Shannon City, primarily driven by the current value of real estate in the Shannon City area. In Shannon City, 8.81% of households rent, and 61.52% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Shannon City is $4,832 per month. Households that rent pay about 19.33% of their income on rent here. Shannon City’s most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Arispe, IA: equally priced homes
- Tingley, IA: higher priced homes
- Afton, IA: less expensive homes
- Kent, IA: higher priced homes
- Diagonal, IA: equally priced homes
- Creston, IA: less expensive homes
- Thayer, IA: equally priced homes
- Ellston, IA: higher priced homes
- Cromwell, IA: higher priced homes
- Clearfield, IA: less expensive homes
Cities with Similar Populations
- Wasepi, MI: less expensive homes
- Duan, NC: higher priced homes
- Dunnavant, AL: higher priced homes
- Stiles, NC: higher priced homes
- Tiffin, MO: higher priced homes
- Upland, WV: equally priced homes
- Vanceville, PA: higher priced homes
- Vannatta, TN: higher priced homes
- Vaughan, TX: higher priced homes
- Wabasso, FL: higher priced homes
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