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Eldridge Housing Information

IndexEldridgeIowaNational
Median home price$205,000$132,800$184,700
Median rent asked$709$715$949
Avg. people per household2.72.42.6
Owner occupied households73.0%71.1%63.6%
Renter occupied households27.0%28.9%36.4%
Above, you'll find an overview of the real estate market in Eldridge, IA. Generally, real estate in the Eldridge, IA area is less affordable in Iowa, as the median price of a home in Eldridge, IA is $205,000, which is 54% higher than the Iowa average. The median rental price in Eldridge, IA is $709. This is 1% lower than the average rental price in Iowa. Home owners comprise 73.0% of the population of Eldridge, IA, where an average of 2.7 people live in each home. Various real estate options from luxurious homes to affordable condos and urban townhomes are available in Eldridge, IA. Below, you can search for real estate listings in Eldridge, IA using our search functionality that allows you to personalize your search and filter out location, price, and number of bedrooms and bathrooms.

Eldridge Home Affordability

When searching for real estate in Eldridge, IA, home affordability is a critical aspect. The ratio of the house price to the median household income is one method used to figure out home affordability. In Eldridge, IA, the median house price is $205,000, while the median income for households in the area is $66,078. Therefore, the ratio of house price to income is 3.1x; this ratio is 27% higher than the average in Iowa. The calculation for the ratio of home affordability requires dividing the median household income by the median house price. The lower the aforementioned ratio, the more affordable homes are - when comparing the house price to the household income. However, there are more factors that come into play in terms of home affordability. The calculator below determines home affordability, and it can help you decide how much money you can afford to pay for real estate in Eldridge, IA.

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Rock Island Arsenal, IL119$0100%
Stockton, IA235$80,80056%
Cleveland, IL178$89,60051%
Low Moor, IA249$92,50050%
Wheatland, IA712$95,60048%
Eldridge, IA6,122$205,00011%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Parkville, MO6,124$335,60082%
Union Gap, WA6,125$93,70049%
Barnhart, MO6,125$140,90024%
Silver Lake, NC6,117$153,90017%
Ontario, OH6,117$131,70029%
Eldridge, IA6,122$205,00011%

Source: The Eldridge, IA housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).
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