Quick facts: Yale, IA

Quick Facts

96.6
Cost of Living
below US average
265
Population
Crime rate Data is updating, will be available soon
$58,750
Median Income
below US average
$155,000
Median House Price
above US average
$1132
Average Rent
below US average
Poverty rate Data is updating, will be available soon
Unemployment Data is updating, will be available soon

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 $58,750.

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Income Needed to Buy

βœ“ Affordable
$49k/year
Based on $155,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($58,750) 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 ($58,750) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Yale, IA

Yale, Iowa, is a small rural community situated in Guthrie County, known for its picturesque landscapes and friendly atmosphere. With a population of around 300 residents, Yale provides a tight-knit community feel, where neighbors often know one another. The town is predominantly agricultural, surrounded by vast fields and open spaces, which contribute to its charm. Outdoor enthusiasts will appreciate the nearby activities, including fishing, hiking, and camping in the area's parks and nature reserves. The town organizes local events, fostering community spirit and engagement among residents. Yale is conveniently located near larger towns such as Guthrie Center and Panora, offering access to more amenities, shopping, and dining options. Although small, Yale embodies a quintessential Midwestern town, reflecting the values of community, hard work, and connection to nature. Its serene environment and agricultural roots make it an ideal place for those seeking a peaceful lifestyle away from the hustle and bustle of city life.

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