Quick facts: Greenfield, IA

Quick Facts

96.6
Cost of Living
below US average
2,057
Population
0.49
Crime Rate per 1000
below US average
$50,598
Median Income
below US average
$185,000
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 $50,598.

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Income Needed to Buy

βœ— Stretch
$58k/year
Based on $185,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $58k vs median $50,598
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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 ($50,598) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Greenfield, IA

Greenfield is a small city located in Adair County, Iowa, with a charming, close-knit community atmosphere. Known as the "Home of the Adair County Fair," Greenfield hosts a variety of local events and activities, especially during the summer months. The city has a rich agricultural background and is surrounded by picturesque rural landscapes, making it an ideal place for outdoor enthusiasts. The downtown area features a range of local shops and eateries, fostering a sense of community pride. Greenfield is also home to several parks and recreational facilities, providing spaces for family outings and outdoor activities. Notably, the nearby Lake Greenfield offers opportunities for fishing, boating, and picnicking. Culturally, Greenfield celebrates its heritage with events and festivals year-round, uniting residents and visitors alike. With its serene environment, community spirit, and access to nature, Greenfield serves as a lovely, peaceful retreat in Iowa. Its small-town charm and welcoming vibe make it a great place to live or visit.

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