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Iola

Learn about the people, housing, costs and businesses in Iola, Kansas

Median Home$87,708
Median Rent$719/month
Population5,411
Leading IndustriesManufacturing · Public Administration · Agriculture & Mining2% manufacturing
Home Value Growth⬆⬆⬆+22.1% over 2 years
Young Adults27% of residentsnear the national average
Homeowners63% of occupied units
NotableAmenity Score80/100 · highly walkable area
NotableAffordable Market$88k median home · lower cost than 95% of the country
Iola
KS

Frequently Asked Questions

What are today's mortgage rates in Iola?

As of today, the 30-year fixed mortgage rate for Iola is approximately 6.938% (6.976% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Iola?

The median home value in Iola is $88k. The median monthly rent is $719. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Iola?

Home values in Iola have increased 22.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Iola?

Based on a typical all-in ownership cost of $729/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Iola is $55k/year.

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What industries drive the economy in Iola?

The largest employment sectors in Iola are public administration (26%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.