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These days, finding an affordable place to live in the Thayer area can be challenging. Home prices in Thayer are now at a median cost of $164,018, lower than the Iowa average of $226,062.
The average cost of rent is $778/mo in Thayer, primarily driven by the current value of real estate in the Thayer area. In Thayer, 5.75% of households rent, and 53.35% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Thayer is $5,923 per month. Households that rent pay about 13.13% of their income on rent here. Thayer’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Afton, IA: less expensive homes
- Murray, IA: equally priced homes
- Arispe, IA: equally priced homes
- Lorimor, IA: equally priced homes
- Ellston, IA: higher priced homes
- Shannon City, IA: equally priced homes
- Tingley, IA: higher priced homes
- Grand River, IA: less expensive homes
- Beaconsfield, IA: higher priced homes
- Macksburg, IA: higher priced homes
Cities with Similar Populations
- Treadwell, NY: higher priced homes
- Dudleyville, AL: equally priced homes
- Duncan, MS: less expensive homes
- Dunlo, PA: equally priced homes
- Elkins, NH: higher priced homes
- Tarzan, TX: higher priced homes
- Tauria, MO: higher priced homes
- Thomas, LA: equally priced homes
- Thurston, GA: higher priced homes
- Tilden, MS: less expensive homes
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