Quick facts: Walcott, IA

Quick Facts

96.6
Cost of Living
below US average
1,545
Population
15.53
Crime Rate per 1000
below US average
$74,563
Median Income
below US average
$310,000
Median House Price
above US average
$1112.5
Average Rent
below US average
6%
Poverty Rate
below US average
3.2%
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 $74,563.

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Income Needed to Buy

βœ— Stretch
$97k/year
Based on $310,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $97k vs median $74,563
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Income Needed to Rent

βœ“ Affordable
$48k/year
Based on $1112.5/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($74,563) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Walcott, IA

Walcott is a small city located in Scott County, Iowa, with a population of around 1,500 residents. Situated conveniently off Interstate 80, it serves as a gateway to both urban and rural experiences. The city was founded in the mid-19th century and has retained much of its small-town charm, making it a pleasant place for families and individuals seeking a quieter lifestyle. Walcott is known for its strong sense of community, featuring local events and gatherings that bring residents together. The city is home to several parks, providing residents with recreational opportunities such as walking trails, playgrounds, and sports fields. Notably, Walcott boasts the popular Iowa 80 Truckstop, recognized as one of the largest truck stops in the world, making it a hub for travelers and truckers. The local economy benefits from the agricultural backdrop of the region, with many residents engaged in farming. In terms of education, Walcott is served by the Bettendorf Community School District, which provides quality education options for children. Overall, Walcott offers a blend of rural charm and convenient access to the amenities of larger cities nearby.

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