0.34 acres (5,404 square feet of livable area) We used science and data to determine which cities in Iowa that will put a big dent in your wallet. Its the largest residence on the list (over 10,000 square feet of livable area). According to MIT, the required living wage for a family of four with two working parents in Iowa is $89,241 vs the national average for a family of four with two working parents of $89,744. Home appreciation the last 10 years has been 9.5%. Four attached garage spaces, a finished basement, and four fireplaces would also be a part of the deal. But since they cant, HomeSnacks calculated the most affordable places to live in Iowa for 2022. Polk County, Iowa's 5 most expensive homes - Axios Des Moines This makes it a perfect place for a getaway or a retirement. Used under license. House built in Des Moines development: The most expensive homes sold in 2018 October 5, 2021 Even though the prices grew up ~12% in the first six months of 2022, Iowa is still one of the most affordable places to live in the US. Stacker collected information on the highest-paying jobs in Dubuque, IA, using data from the U.S. Bureau of Labor Statistics. The median listing price of a house here is $176,000. Iowa City, IA: 2 #6. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. storytelling. The answer is a hard no. Next up, weve got a house that takes the concept of floor-to-ceiling windows to the next level. We consulted the latest Census data on cost of living. The median income in Ames comes in at $54,339 and the median home value is $222,900 for 2023. In doing so, youre agreeing to the below guidelines. 0.21 acres (5,295 square feet of livable area) The ceilings are lowered to a more average height here, but the grand nature of the kitchen more than makes up for it. Data is deemed reliable but not accurate. Tiffani Sherman is a Florida-based writer who covers real estate, finance, and travel. The Most Expensive Home In Iowa Is On The Market For $8.9 Million. Axios Des Moines combed through the Polk County Assessor's website to find the area's five most expensive homes at least in terms of their officially assessed value. Home buyers have a lot to consider when house-hunting or looking to invest in rental properties, from the state of the housing market itself to taxes and potential resale value. Best Places to Live in Iowa They spent approximately $300,000 to redesign the pool, patio, and poolhouse. 4 bedrooms, 6 bathrooms. 2013 The median home value in town is the fourth most affordable in the state, with a figure of $77,400. House built in The average living wage in Decatur County is $84,148 according to MIT data. Listing agent Shane Kennedy told Realtor that the buyers essentially took the home right back down to the studs and built up a completely different home than the original. $2,750,000 Its a magnificent house, with marble floors and 20-foot ceilings. You can find out more about him on LinkedIn or his website. Population: 23,418Rank Last Year: 13 (Up 6)Home Price To Income Ratio: 3.1x (10th most expensive)Income To Rent Ratio: 80.3x (54th most expensive)More on Johnston: Real Estate|Data|Photos. And if you already knew these places were expensive, check out some more reading about Iowa and the most expensive cities in the country: Population: 74,240Rank Last Year: 1 (No Change)Home Price To Income Ratio: 4.4x (most expensive)Income To Rent Ratio: 50.4x (most expensive)More on Iowa City: Real Estate|Data|Photos. The best insurance companies in Iowa for individuals with expensive homes are: State Farm: MoneyGeek score of 85 out of 100. There are a couple of lots on the . Continue with Recommended Cookies. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Good jobs increase median incomes which translates to most people being able to live in our top most affordable Iowa places. ft. Bedrooms/bathrooms: 5 beds/9 baths. Decatur County has the lowest cost of living because it has relatively less expensive childcare and housing costs compared to Iowa as a whole. Manage Settings Lot (size of the land) If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. The most expensive house in Iowa, located in Des Moines, has hit the market with an $8.9 million price point, per the Realtor listing. For just $2.7 million, youd get access to 0.89 acres of land, 3 garage spaces, 6 bedrooms, and 6 bathrooms. $3,101,000 The median income sits at $60,854, which is relatively high for the state. 0.57 acres (3334 square feet of livable area) Featuring nearly 6,000 square-feet of space, this nearly $1.5 million property is in the Manville Heights neighborhood of Iowa City. The two most important things to think about when it comes to being able to afford if you can live comes down to: You need to understand your costs in the context of how much money you make. as well as image rights, data visualizations, forward planning tools, Only a slightly less favorable market for renters keeps Osceola from a higher spot on this list. Built in 2000, it looks brand-new and successfully combines retro elements with modern-day treats like wall-tall windows and a soaring ceiling. Information is deemed reliable but not guaranteed. Plus, the house has a septic tank and a geothermal heating/cooling system. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[336,280],'homesnacks_com-large-mobile-banner-2','ezslot_17',120,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-large-mobile-banner-2-0');With that example in mind, we derived several statistics from the latest Census American Community Survey 2016-2020 around incomes and costs. Stacker believes in making the worlds data more accessible through 2 attached garage spaces House sold in HomeSnacks is reader-supported. 1994 All rights reserved.
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