Similar to its nearby areas, it is a lot less expensive compared to the rest of the nation. However it is a little less expensive compared to the city of Decatur.
Home prices
The median home in Iola costs $66,700. This is approximately $1,880 (2%) higher in comparison to its surrounding areas.In comparison to the country as a whole it is roughly $150,800 (69%) lower, and is roughly $16,300 (19%) lower compared to the city of Decatur.
Rents
The median rent in Iola is $519 per month. Compared to its surrounding areas it is about $84 (19%) higher.It is about $543 (51%) lower compared to the country as a whole, and in comparison to the city of Decatur it is about $164 (24%) lower.
Nearby places
Edgewood
Edgewood is roughly 6 miles north from Iola. Housing prices there are somewhat less expensive. The median home in Edgewood is valued at $54,300, which works out to $12,400 (22%) lower than Iola. The rent there is a little more expensive. The median rent in Edgewood is $667 a month, which comes out to $148 (22%) higher than Iola.
Farina
Farina is about 7 miles west from Iola. Housing prices there are similar. The value of the median home in Farina is $65,900, which comes out to $800 (1%) lower than Iola. The rent there is substantially less expensive. Farina's median rent is $236 per month, which works out to $283 (119%) lower than Iola.
Louisville
Louisville is about 7 miles southeast of Iola. Its housing prices are a bit more expensive. The median home price in Louisville is $71,300, which works out to $4,600 (6%) higher than Iola. The rent there is pretty similar. In Louisville the median rent is $536 per month, which comes out to $17 (3%) higher than Iola.
Mason
Mason is about 8 miles north from Iola. The housing prices there are fairly similar. The median home in Mason costs $66,300, which is very similar to Iola. Rent there is substantially less expensive. Mason's median monthly rent is $325, which is $194 (59%) lower than Iola.
St. Peter
St. Peter is roughly 10 miles west from Iola. Housing prices there are pretty similar. The median home price in St. Peter is $66,300, which is very similar to Iola. Rents there are somewhat less expensive. In St. Peter the median monthly rent is $413, which works out to $106 (25%) lower than Iola.
