Quick facts: Farnhamville, IA

Quick Facts

96.6
Cost of Living
below US average
370
Population
40.54
Crime Rate per 1000
above US average
$48,750
Median Income
below US average
$99,900
Median House Price
above US average
$1132
Average Rent
below US average
10%
Poverty Rate
below US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $48,750.

🏠

Income Needed to Buy

βœ“ Affordable
$31k/year
Based on $99,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($48,750) exceeds requirement
🏒

Income Needed to Rent

βœ“ Affordable
$49k/year
Based on $1132/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($48,750) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Farnhamville, IA

Farnhamville is a small city located in Calhoun County, Iowa. Situated in the heart of the Midwest, this quiet community is known for its friendly atmosphere and close-knit population. As of the last census, Farnhamville had a population of around 600 residents, making it a charming spot for those looking to escape the hustle and bustle of larger cities. The city features a mix of rural charm and access to local amenities. Residents enjoy a slower pace of life with an emphasis on community and family values. Farnhamville hosts local events and gatherings, fostering connections among its residents. Nature enthusiasts will appreciate the surrounding landscapes, including picturesque farms and open fields characteristic of Iowa's countryside. The area offers various outdoor activities, including hiking, biking, and fishing in nearby lakes and rivers. Farnhamville's central location provides convenient access to larger cities like Fort Dodge, which is only a short drive away, allowing residents to engage with more extensive shopping, dining, and entertainment options while still enjoying the tranquility of small-town living.

πŸ” Search & Compare Places

First Location πŸ“