Quick facts: Lone rock, IA

Quick Facts

96.6
Cost of Living
below US average
143
Population
Crime rate Data is updating, will be available soon
$57,857
Median Income
below US average
$99,000
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 $57,857.

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Income Needed to Buy

βœ“ Affordable
$31k/year
Based on $99,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($57,857) 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 ($57,857) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lone rock, IA

Lone Rock is a small, unincorporated community located in Kossuth County, Iowa. Nestled in the heart of the Midwest, this quaint town has a rich farming history, contributing to the agricultural economy of the region. With a population of around 200 residents, Lone Rock offers a close-knit community atmosphere, characterized by friendly locals and a slower pace of life. The area surrounding Lone Rock is predominantly rural, with rolling farmland and picturesque landscapes that exemplify Iowa’s natural beauty. The community hosts local events and gatherings that bring residents together, reflecting its strong sense of community spirit. Nearby larger towns, such as Algona, provide additional amenities, shopping, and services. Lone Rock is also conveniently located near several recreational opportunities, including parks and trails for outdoor enthusiasts. Overall, Lone Rock, IA, offers a peaceful and inviting environment, perfect for those looking to escape the hustle and bustle of city life.

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