Quick facts: Pella, IA

Quick Facts

96.6
Cost of Living
below US average
10,744
Population
8.47
Crime Rate per 1000
below US average
$86,025
Median Income
above US average
$255,000
Median House Price
above US average
$1491.11
Average Rent
above US average
7%
Poverty Rate
below US average
2.5%
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 $86,025.

🏠

Income Needed to Buy

βœ“ Affordable
$80k/year
Based on $255,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($86,025) exceeds requirement
🏒

Income Needed to Rent

βœ“ Affordable
$64k/year
Based on $1491.11/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($86,025) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Pella, IA

Pella, Iowa, is a charming city known for its Dutch heritage and stunning tulip displays. Founded in 1847 by Dutch immigrants, Pella celebrates its cultural roots through annual events such as the Pella Tulip Time Festival, attracting thousands of visitors each May. The city features beautiful windmills and authentic Dutch architecture, creating a picturesque atmosphere. Pella is home to the renowned Vermeer Corporation, a leading manufacturer of industrial and agricultural equipment, which contributes significantly to the local economy. The downtown area offers a range of boutique shops, restaurants, and art galleries, making it a delightful spot for both locals and visitors. Outdoor enthusiasts can enjoy amenities such as Lake Red Rock, the state's largest lake, where activities like boating, fishing, and hiking abound. Pella's strong sense of community, excellent schools, and vibrant local culture make it a desirable place to live and visit. With its blend of historical charm and modern conveniences, Pella provides a unique experience that celebrates both its past and future.

πŸ” Search & Compare Places

First Location πŸ“