Quick facts: Vail, IA

Quick Facts

96.6
Cost of Living
below US average
379
Population
65.96
Crime Rate per 1000
above US average
$56,154
Median Income
below US average
$165,000
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 $56,154.

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Income Needed to Buy

βœ“ Affordable
$52k/year
Based on $165,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($56,154) exceeds requirement
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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 ($56,154) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Vail, IA

Vail is a small town located in Crawford County, Iowa. With a population of just around 200 residents, it embodies the charm of rural Midwestern communities. Vail covers a modest area and is known for its friendly atmosphere and tight-knit community. The town is situated conveniently along major highways, offering easy access to larger cities nearby. Vail features typical small-town amenities, including local shops and dining options, serving both residents and visitors. The area is characterized by picturesque rural landscapes, which provide a peaceful environment for outdoor activities like hiking, fishing, and biking. The town celebrates local events and community gatherings, fostering a sense of camaraderie among its inhabitants. Nearby attractions include regional parks and historical sites that highlight the area's rich heritage. Vail's location allows for quick trips to larger urban centers, where residents can enjoy additional cultural and recreational facilities. Overall, Vail, IA, presents a tranquil living experience rooted in traditional values and community spirit.

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