Quick facts: Sully, IA

Quick Facts

96.6
Cost of Living
below US average
887
Population
3.38
Crime Rate per 1000
below US average
$83,029
Median Income
above US average
$255,000
Median House Price
above US average
$1095.0
Average Rent
below US average
5%
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 $83,029.

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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 ($83,029) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$47k/year
Based on $1095.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($83,029) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Sully, IA

Sully is a small town located in Jasper County, Iowa, with a close-knit community and a serene rural atmosphere. The town has a population of around 1,000 residents, making it a quintessential example of small-town America. Established in the late 19th century, Sully is known for its Dutch heritage and is home to the beautiful Sully Community Church, reflecting the town’s strong religious roots. Nature enthusiasts will appreciate the surrounding countryside, which offers a variety of outdoor activities, such as hiking and biking. The nearby Sully City Park provides a great space for family gatherings, picnics, and recreational activities. Sully's economy is primarily based on agriculture, with many residents engaged in farming and related businesses. The town fosters a sense of community through events like local fairs and seasonal celebrations, bringing residents together. For day-to-day needs, residents typically rely on nearby larger towns, but Sully's charm lies in its friendly neighbors and tranquil lifestyle. Overall, Sully is a welcoming place, perfect for families and individuals seeking a peaceful, rural environment.

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