Quick facts: Kanawha, IA

Quick Facts

96.6
Cost of Living
below US average
643
Population
1.56
Crime Rate per 1000
below US average
$63,889
Median Income
below US average
$132,900
Median House Price
above US average
$1132
Average Rent
below US average
9%
Poverty Rate
below US average
3.2%
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 $63,889.

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Income Needed to Buy

βœ“ Affordable
$42k/year
Based on $132,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($63,889) 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 ($63,889) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Kanawha, IA

Kanawha is a small city located in Hancock County, Iowa, with a rich agricultural heritage and a close-knit community atmosphere. With a population of around 1,000 residents, it offers a peaceful rural lifestyle characterized by friendly neighbors and a strong sense of community spirit. The city is ideally situated near the intersection of U.S. Route 69 and Iowa Highway 3, making it easily accessible. Kanawha is known for its outdoor recreational opportunities, with several parks and green spaces available for residents and visitors. The area is predominantly agricultural, with many local farms contributing to the economy. The city also boasts local businesses that cater to the needs of its residents, offering a mix of retail, dining, and service options. Education is a key component of the community, with local schools emphasizing quality education and personal development. Kanawha is also located near larger communities, providing residents access to additional amenities, shopping, and healthcare services. Overall, Kanawha embodies the charm of small-town living while maintaining a strong sense of pride in its agricultural roots.

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