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These days, finding an affordable place to live in the Urbana area can be challenging. Home prices in Urbana are now at a median cost of $263,561, higher than the Iowa average of $226,062.
The average cost of rent is $864/mo in Urbana, primarily driven by the current value of real estate in the Urbana area. In Urbana, 9.50% of households rent, and 30.82% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Urbana is $8,991 per month. Households that rent pay about 9.61% of their income on rent here. Urbana’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
- Center Point, IA: equally priced homes
- Shellsburg, IA: higher priced homes
- Vinton, IA: less expensive homes
- Walker, IA: equally priced homes
- Brandon, IA: less expensive homes
- Mount Auburn, IA: higher priced homes
- Rowley, IA: less expensive homes
- Toddville, IA: higher priced homes
- Lafayette, IA: equally priced homes
- Palo, IA: higher priced homes
Cities with Similar Populations
- Fremont, WI: equally priced homes
- Sherwood Forest, GA: equally priced homes
- Hammondsport, NY: equally priced homes
- Hawk Point, MO: equally priced homes
- Madbury, NH: higher priced homes
- Markham, WA: higher priced homes
- Martin, MI: less expensive homes
- New Boston, OH: less expensive homes
- Norris City, IL: less expensive homes
- North Monroe, LA: less expensive homes
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