Housing costs in Stanhope?
A typical home costs
$146,400, which is 56.7% less expensive than the national average of
$338,100 and 24.9% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Stanhope costs
$900 per month, which is 37.1% cheaper than the national average of
$1,430 and 3.3% cheaper than the state average of
$930.
Can I afford Stanhope?
To live comfortably in Stanhope, Iowa, a minimum annual income of
$28,080 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Stanhope?
The cost of living in Stanhope, IA is relatively low compared to other areas in the country. The median home price is $117,400 which is substantially lower than the national average of $204,900. The median household income is also lower at around $52,000. This can be attributed to the fact that many people in the area are employed in agriculture and related industries. There are also several affordable housing options available throughout the city, making it a great option for those looking for an affordable place to live. Additionally, utility costs tend to be lower due to Stanhope's rural location and mild climate. All of these factors make Stanhope an attractive option for individuals and families looking for an affordable place to call home.