Quick facts: Mediapolis, IA

Quick Facts

96.6
Cost of Living
below US average
1,662
Population
16.85
Crime Rate per 1000
below US average
$71,761
Median Income
below US average
$275,000
Median House Price
above US average
$813.0
Average Rent
below US average
7%
Poverty Rate
below US average
3.1%
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 $71,761.

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Income Needed to Buy

βœ— Stretch
$86k/year
Based on $275,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $86k vs median $71,761
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Income Needed to Rent

βœ“ Affordable
$35k/year
Based on $813.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($71,761) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Mediapolis, IA

Mediapolis is a charming small city located in Des Moines County, Iowa. Nestled in the southeastern part of the state, it's known for its friendly community spirit and rich agricultural surroundings. With a population of just under 1,500 residents, Mediapolis offers a small-town atmosphere while providing essential services and amenities. The local economy primarily revolves around agriculture, with many residents engaged in farming and related industries. Mediapolis is also home to several local businesses, schools, and parks, which contribute to its vibrant community life. The Mediapolis Community School District serves the educational needs of local students, providing quality education in a close-knit environment. Outdoor enthusiasts will appreciate the nearby parks and recreational areas, perfect for family activities and enjoying the natural beauty of Iowa. Additionally, Mediapolis hosts various community events throughout the year, allowing residents to come together and celebrate their local culture. Overall, Mediapolis is an inviting place that balances the tranquility of rural life with a strong sense of community.

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