Quick facts: Lineville, IA

Quick Facts

96.6
Cost of Living
below US average
191
Population
26.18
Crime Rate per 1000
above US average
$58,958
Median Income
below US average
$65,000
Median House Price
above US average
$1132
Average Rent
below US average
10%
Poverty Rate
below US average
4.5%
Unemployment Rate
above 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 $58,958.

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Income Needed to Buy

βœ“ Affordable
$20k/year
Based on $65,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($58,958) 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 ($58,958) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lineville, IA

Lineville is a small town located in the southeastern part of Iowa, near the Missouri border. It falls within the boundaries of Wayne County and serves as a quaint rural community characterized by its close-knit atmosphere and scenic surroundings. The town is primarily residential, offering a few local businesses and amenities for residents. Lineville is surrounded by picturesque farmland, making it an excellent spot for those who appreciate the quiet of rural life. The economy primarily hinges on agriculture, with many locals involved in farming and related activities. The community often comes together for events and gatherings, fostering a sense of local pride and togetherness. The nearby natural landscapes provide opportunities for outdoor activities such as hiking, fishing, and wildlife observation, attracting nature enthusiasts. Additionally, the town's location allows for easy access to larger cities nearby for those seeking more urban amenities. Overall, Lineville embodies the charm of small-town Iowa, providing a peaceful lifestyle to its residents.

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