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These days, finding an affordable place to live in the Storm Lake area can be challenging. Home prices in Storm Lake are now at a median cost of $133,483, lower than the Iowa average of $182,666.
The average cost of rent is $785/mo in Storm Lake, primarily driven by the current value of real estate in the Storm Lake area. While nearly 43.77% of residents own their homes outright in Storm Lake, 40.10% rent.
Housing affordability isn’t just about home prices, though. The average household income in Storm Lake is $4,378 per month. Households that rent pay about 17.93% of their income on rent here. Storm Lake's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Lakeside, IA: higher priced homes
- Juniata, IA: higher priced homes
- Alta, IA: equally priced homes
- Truesdale, IA: less expensive homes
- Sulphur Springs, IA: higher priced homes
- Newell, IA: less expensive homes
- Nemaha, IA: equally priced homes
- Schaller, IA: less expensive homes
- Rembrandt, IA: less expensive homes
- Aurelia, IA: equally priced homes
Cities with Similar Populations
- Alcoa, TN: higher priced homes
- Allegan, MI: higher priced homes
- Alma, AR: equally priced homes
- Alma, MI: less expensive homes
- Overlea, MD: higher priced homes
- Nottingham, MD: higher priced homes
- Oak Grove, MO: higher priced homes
- Oakland, NJ: higher priced homes
- Oatfield, OR: higher priced homes
- Ocean City, NJ: higher priced homes
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