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Neola

Learn about the people, housing, costs and businesses in Neola, Utah

Median Home$268,200
Median Rent$1,137/month
Population504
Leading IndustriesManufacturing · Finance & Insurance · Information & Media4% manufacturing
Home Value Growth⬆⬆+11.9% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners82% of occupied units
Neola
UT

Frequently Asked Questions

What are today's mortgage rates in Neola?

As of today, the 30-year fixed mortgage rate for Neola is approximately 7.381% (7.434% 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 Neola?

The median home value in Neola is $268k. The median monthly rent is $1,137. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Neola?

Home values in Neola have increased 11.9% 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 Neola?

Based on a typical all-in ownership cost of $979/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $42k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Neola is $82k/year.

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What industries drive the economy in Neola?

The largest employment sectors in Neola are retail (16%) and public administration (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.