Housing costs in Red Oak?
A typical home costs
$110,600, which is 67.3% less expensive than the national average of
$338,100 and 43.3% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Red Oak costs
$1,000 per month, which is 30.1% cheaper than the national average of
$1,430 and 7.0% more than the state average of
$930.
Can I afford Red Oak?
To live comfortably in Red Oak (zip 51566), Iowa, a minimum annual income of
$21,240 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Red Oak?
Living in 51566 Red Oak, IA is quite affordable. The median home value is around $118,000, which is slightly lower than the national average. The cost of living index is 90.2, which is 10 percent lower than the United States average. Other costs like groceries, transportation and utilities are also at a very reasonable rate in this area. Overall, 51566 Red Oak, IA provides an affordable lifestyle for those looking to relocate or purchase a home here.