Quick facts: Ute, IA

Quick Facts

96.6
Cost of Living
below US average
329
Population
3.04
Crime Rate per 1000
below US average
$51,250
Median Income
below US average
$195,000
Median House Price
above US average
$1132
Average Rent
below US average
9%
Poverty Rate
below US average
2.2%
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 $51,250.

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Income Needed to Buy

βœ— Stretch
$61k/year
Based on $195,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $61k vs median $51,250
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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 ($51,250) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Ute, IA

Ute is a small city located in Crawford County, Iowa, with a predominantly rural character. As of the latest census, the population is just around 300 residents, embodying a tight-knit community atmosphere. Ute was founded in the late 19th century and has a rich agricultural heritage, reflecting the surrounding farmlands that contribute to the local economy. The city features charming small-town architecture and basic amenities, including local parks and recreational facilities, which cater to the needs of its residents. Ute is situated near the picturesque landscapes of western Iowa, offering opportunities for outdoor activities such as hiking, fishing, and hunting. Local events and gatherings often highlight the community spirit, with annual celebrations and festivals drawing residents together. While Ute may not offer the bustling attractions of larger urban areas, its serene environment, friendly neighbors, and strong community ties make it a unique place to live and visit. Additionally, it serves as a convenient base for exploring the broader cultural and recreational opportunities available in nearby cities.

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