Housing costs in Traer?
A typical home costs
$153,900, which is 54.5% less expensive than the national average of
$338,100 and 21.0% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Traer costs
$980 per month, which is 31.5% cheaper than the national average of
$1,430 and 5.1% more than the state average of
$930.
Can I afford Traer?
To live comfortably in Traer, Iowa, a minimum annual income of
$29,520 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Traer?
Living in Traer, IA is quite affordable. The median home cost in Traer is $89,300, which is much lower than the national median of $184,700. Additionally, the average rent for a one-bedroom apartment is just $419 per month and utilities typically cost around $160 per month. Property taxes are also quite low, with an average effective tax rate of 1.20%. All these factors mean that living in Traer is quite affordable for most people.