Quick facts: Ringsted, IA

Quick Facts

96.6
Cost of Living
below US average
351
Population
2.85
Crime Rate per 1000
below US average
$61,477
Median Income
below US average
$419,000
Median House Price
above US average
$1132
Average Rent
below US average
5%
Poverty Rate
below US average
3.5%
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 $61,477.

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Income Needed to Buy

βœ— Stretch
$131k/year
Based on $419,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $131k vs median $61,477
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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 ($61,477) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Ringsted, IA

Ringsted, located in Emmet County, Iowa, is a small, welcoming community known for its rural charm and close-knit atmosphere. This quaint town features a population of just around 600 residents, creating a tight community where neighbors become friends. Ringsted is rich in agricultural significance and serves as a hub for local farming activities. The town is surrounded by stunning Midwestern landscapes, offering picturesque views and outdoor recreational opportunities, including hiking, fishing, and hunting. Its small-town vibe is complemented by local events and festivals that bring the community together, celebrating traditions and the changing seasons. Though Ringsted is compact, it boasts essential amenities, including restaurants, shops, and parks. The nearby Ringsted Park provides space for family gatherings and recreational activities. The town is also conveniently located near larger cities, offering residents access to additional shopping and entertainment options while maintaining the serenity of rural life. Overall, Ringsted embodies a peaceful lifestyle, making it an ideal place for those seeking a slower pace amid the beauty of the Iowa countryside.

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