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Affordable
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These days, finding an affordable place to live in the Traer area can be challenging. Home prices in Traer are now at a median cost of $166,587, lower than the Iowa average of $226,062.
The average cost of rent is $952/mo in Traer, primarily driven by the current value of real estate in the Traer area. In Traer, 23.53% of households rent, and 39.54% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Traer is $6,699 per month. Households that rent pay about 14.21% of their income on rent here. Traer’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Clutier, IA: less expensive homes
- Dysart, IA: higher priced homes
- Buckingham, IA: higher priced homes
- Voorhies, IA: higher priced homes
- Reinbeck, IA: higher priced homes
- Lincoln, IA: higher priced homes
- Garwin, IA: less expensive homes
- Gladbrook, IA: equally priced homes
- Toledo, IA: less expensive homes
- Vining, IA: equally priced homes
Cities with Similar Populations
- Arkport, NY: less expensive homes
- Blanchard, MI: higher priced homes
- Brushton, NY: less expensive homes
- Chinquapin, NC: less expensive homes
- Clarkrange, TN: equally priced homes
- Clyattville, GA: higher priced homes
- Cobbtown, GA: less expensive homes
- Point Marion, PA: less expensive homes
- Rockfield, KY: higher priced homes
- Pocono Pines, PA: higher priced homes
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