The Most Affordable Neighborhoods in Ute, IA by Home Value

 

Ute, IA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Ute area can be challenging. Home prices in Ute are now at a median cost of $110,658, lower than the Iowa average of $226,062.

The average cost of rent is $648/mo in Ute, primarily driven by the current value of real estate in the Ute area. In Ute, 34.67% of households rent, and 65.64% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Ute is $4,822 per month. Households that rent pay about 13.44% of their income on rent here. Ute’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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