Quick facts: Galva, IA

Quick Facts

96.6
Cost of Living
below US average
423
Population
Crime rate Data is updating, will be available soon
$66,250
Median Income
below US average
$126,984
Median House Price
above US average
$1132
Average Rent
below US average
Poverty rate Data is updating, will be available soon
Unemployment Data is updating, will be available soon

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 $66,250.

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Income Needed to Buy

βœ“ Affordable
$40k/year
Based on $126,984 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($66,250) exceeds requirement
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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 ($66,250) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Galva, IA

Galva is a small city located in Ida County, Iowa. With a population of around 1,000 residents, it embodies a close-knit community atmosphere that is characteristic of rural America. Established in the late 19th century, Galva has a rich history linked to agriculture and a strong emphasis on family values. The city is known for its charming downtown area, which features local shops, restaurants, and services that cater to residents and visitors alike. Galva is surrounded by beautiful landscapes, including rolling fields and scenic views, making it an ideal spot for outdoor activities such as hiking, fishing, and cycling. Galva is served by the Galva-Holstein Community School District, providing quality education to its youth. The community also hosts various events throughout the year, contributing to its vibrant social fabric. Overall, Galva, IA, offers a peaceful rural lifestyle with a strong sense of community, making it an attractive place for those seeking a slower pace of life with the comforts of small-town living.

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