Housing costs in New Market?
A typical home costs
$107,400, which is 68.2% less expensive than the national average of
$338,100 and 44.9% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in New Market costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 14.8% cheaper than the state average of
$930.
Can I afford New Market?
To live comfortably in New Market (zip 51646), Iowa, a minimum annual income of
$20,520 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about New Market?
The cost of living in 51646 New Market, IA is quite affordable. The median home value is $182,800 and the median rental rate for a one-bedroom apartment is just $647. In addition, groceries generally cost less than the national average - about six percent lower - and transportation costs are also below average. Property taxes are also relatively low, averaging only 1.29%. Overall, 51646 New Market, IA is an excellent place to live for those who want to maintain a budget-conscious lifestyle without sacrificing quality of life.