In Iona, a typical home is worth $322,800 and typical rent is $1,913 a month. Compared with all of Lee County, typical household income is 12% lower and typical rent is 12% higher.
Iona is in Lee County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Lee County. See the county
What this place has that others do not, from public data, most unusual first.
1
Iona has the 23rd largest share of rent-burdened renters of the 434 cities in Florida with more than 5,000 people (76%).
2
Nearby, in Villas, the typical home value is $248,700: 23% less than in Iona ($322,800).
3
10% of households in Iona have no internet at home (5% in Lee County).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Iona
What homes there are in Iona, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Iona
Lee County
Florida
United States
Kind of home: Iona and its comparisons
Measure
Iona
Lee County
Florida
United States
Detached house
26%
55%
55%
61%
Attached house
3%
7%
7%
6%
Building of 2 to 4
10%
7%
6%
8%
Apartments (5 or more)
40%
21%
25%
19%
Mobile home
22%
9%
8%
6%
Boat, RV and other
Unreliable estimate
0%
0%
0%
In Iona, the apartment is the most common kind of home: 40%, against 21% in Lee County.
Mobile homes are 22% of homes in Iona, more than in Lee County (9%).
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Iona
Lee County
Florida
United States
Year built: Iona and its comparisons
Measure
Iona
Lee County
Florida
United States
Before 1960
Unreliable estimate
3%
10%
26%
1960–1979
13%
17%
24%
24%
1980–1999
49%
35%
34%
25%
2000–2009
29%
29%
18%
14%
2010 or later
8%
16%
14%
11%
In Iona, half of the homes were built before 1994; in Lee County, before 1997.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limit
Under $100K16%
$100K–$200K17%
$200K–$300K13%
$300K–$500K23%
$500K–$750K15%
FHA limit: $541,287
$750K–$1M9%
$1M or more7%
Value of owner-occupied homes: Iona and its comparisons
Measure
Iona
Under $100K
16%
$100K–$200K
17%
$200K–$300K
13%
$300K–$500K
23%
$500K–$750K
15%
$750K–$1M
9%
$1M or more
7%
About 72% of owner-occupied homes in Iona are worth less than the FHA loan limit for Lee County ($541,287).
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,49915%
$1,500–$1,99938%
$2,000–$2,49910%
$2,500–$2,999Unreliable
$3,000 or more30%
Monthly rent with utilities: Iona and its comparisons
Measure
Iona
Under $500
Unreliable
$500–$999
Unreliable estimate
$1,000–$1,499
15%
$1,500–$1,999
38%
$2,000–$2,499
10%
$2,500–$2,999
Unreliable estimate
$3,000 or more
30%
With a mortgage
$2,127 a month
Lee County: $1,921 a month
Without a mortgage
$727 a month
Lee County: $758 a month
Owners with a mortgage
33%
Lee County: 52%
Owning costs more in Iona: with a mortgage, the typical cost is $2,127 a month; in Lee County, $1,921. Without one, $727.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Iona+31%
Lee County+61%
Florida+67%
United States+53%
Typical rent
Iona+39%
Lee County+48%
Florida+42%
United States+33%
Typical household income
Iona+15%
Lee County+32%
Florida+34%
United States+29%
Change since 2015–2019: Iona and its comparisons
Measure
Iona
Lee County
Florida
United States
Typical home value
+31%
+61%
+67%
+53%
Typical rent
+39%
+48%
+42%
+33%
Typical household income
+15%
+32%
+34%
+29%
From 2015–2019 to 2020–2024, the typical home value in Iona rose 31%; in Lee County, it rose 61%.
The typical rent in Iona rose 39% over the same time; in Lee County, it rose 48%.
The typical household income in Iona rose 15%: less than home values (+31%) and rent (+39%).
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Iona and its comparisons
Measure
Iona
Lee County
Florida
United States
Rental vacancy
Unreliable estimate
10.3%
7.6%
5.5%
Homeowner vacancy
Unreliable estimate
1.9%
1.4%
0.9%
More than one person per room
Unreliable estimate
2.4%
3.3%
3.4%
People per household
1.80
2.45
2.51
2.53
Drive alone
68%
71%
70%
69%
Carpool
Unreliable estimate
10%
9%
9%
Public transit
Unreliable estimate
1%
1%
3%
Walk or bike
Unreliable estimate
2%
2%
3%
Work from home
25%
15%
16%
15%
Other means
Unreliable estimate
2%
2%
2%
Typical commute
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
Households in Iona are smaller: 1.80 people on average; in Lee County, 2.45.
Many people here do not commute at all: 25% work from home; in Lee County, 15%.
Do the math
What would you pay each month for a home in Iona?
A typical home costs more than the typical income allows
We start with a typical home in Iona, worth $322,800, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 47% of the typical household income in Iona, which is $66,827 a year. For that payment to be 28% of income, a household would need to earn about $112,320 a year.
The calculator's FHA and conventional loan limits are those of all of Lee County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Iona. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $11,298 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$2,621
at 7.18% · 30 years
Loan amount
$316,953
Total interest
$456,021
Paid off in
November 2056
Includes $5,451 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,559 a month
Tight
$1,559 to $2,005 a month
Hard
more than $2,005 a month
Your payment · 47%
Compared with the typical household income in Iona ($66,827 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$2,147
Property tax
$196
Home insurance
$135
FHA mortgage insurance (MIP)
$143
You need at least $11,298 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $2,621; principal and interest $2,147.
The city and its county
Iona and Lee County
Iona is in Lee County, Florida. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Iona
Map of Lee County, Florida, with Iona marked. Around it, the neighboring counties.
Iona
Lee County
Other cities with a page
Iona's own numbers
Typical home value
$322,800
Typical monthly rent
$1,913
Typical yearly household income
$66,827
Households that own their home
72%
Effective property tax rate
0.73%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Lee County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,835
Price change over 5 years (FHFA)
+49%
Homes in a high flood-risk zone
42%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Lee County.
A typical home in Iona is worth $322,800: 11% below the county and 10% below Florida. With the typical household income in Iona ($66,827 a year), a typical home costs 4.8 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Iona4.8 years
Lee4.8 years
Florida4.8 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Lee County
According to FHFA’s house price index, home prices in Lee County rose 101% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Lee County.
Yearly change in FHFA’s price index in Lee County, 2016 to 2025
2016: +10.6% +10.6% 2016
2017: +7.0% +7.0% 2017
2018: +5.5% +5.5% 2018
2019: +3.8% +3.8% 2019
2020: +4.4% +4.4% 2020
2021: +19.1% +19.1% 2021
2022: +29.4% +29.4% 2022
2023: +5.8% +5.8% 2023
2024: −2.4% −2.4% 2024
2025: −6.7% −6.7% 2025
Change in FHFA’s price index in Lee County, Florida and the United States
Period
County
Florida
U.S.
Last year (2025)
−6.7%
−0.5%
+2.9%
5 years (2020–2025)
+49%
+60%
+47%
10 years (2015–2025)
+101%
+127%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Iona next to Lee County, Florida and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Iona$322,800
Lee$362,200
Florida$359,000
United States$332,700
Typical monthly rent
Iona$1,913
Lee$1,712
Florida$1,669
United States$1,413
Typical yearly household income
Iona$66,827
Lee$76,107
Florida$74,568
United States$80,734
See the full table
Iona next to Lee County and Florida
Measure
Iona
Lee County
Florida
U.S.
Typical home value
$322,800 ▼11% below the county
$362,200
$359,000
$332,700
Typical monthly rent
$1,913 ▲12% above the county
$1,712
$1,669
$1,413
Typical yearly household income
$66,827 ▼12% below the county
$76,107
$74,568
$80,734
Households that own their home
72% ▼2 points below the county
74%
68%
65%
Typical yearly property tax
$2,353 ▼18% below the county
$2,858
$2,730
$3,119
Effective property tax rate
0.73% ▼0.06 points below the county
0.79%
0.76%
0.94%
Renters with high rent for their income
76% ▲16 points above the county
60%
60%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Lee County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Iona
For a typical $322,800 home in Iona, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Iona's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$2,621a month
Least cash to close
Down payment
$11,298
Cash to close
$20,982
Rate
7.18%
Mortgage insurance
FHA MIP · $143
Conventional, 5% down$2,562a month
Down payment
$16,140
Cash to close
$25,824
Rate
7.18%
Mortgage insurance
PMI · $153
Conventional, 20% down, no PMI$2,080a month
Down payment
$64,560
Cash to close
$74,244
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$2,379a month
Down payment
$48,420
Cash to close
$58,104
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Iona
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$2,621
$11,298
$316,953
7.18%
FHA MIP · $143
$20,982
580
Conventional, 5% down
$2,562
$16,140
$306,660
7.18%
PMI · $153
$25,824
620*
Conventional, 20% down, no PMI
$2,080
$64,560
$258,240
7.18%
None
$74,244
620*
ITIN, 15% down (example)
$2,379
$48,420
$274,380
8.18%
None
$58,104
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Iona is $1,913 a month: 12% above the county. In Iona, 76% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Lee County, by unit size. To pay the 2-bedroom one ($1,835 a month) without spending more than 30% of your income, you would need to earn $35.29 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Lee County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,555
$29.90
$62,200
1 bedroom
$1,564
$30.08
$62,560
2 bedrooms
$1,835
$35.29
$73,400
3 bedrooms
$2,373
$45.63
$94,920
4 bedrooms
$2,615
$50.29
$104,600
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Iona
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Iona is in ZIP code 33908.
For 2 bedrooms it is $2,090: $255 more than the fair market rent for Lee County ($1,835).
Fair market rent by ZIP code and size in Iona, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
33908
$1,770
$1,780
$2,090
$2,700
$2,980
ZIP code2 bd3 bd
33908 $2,090$2,700
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Iona when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There are 3 HUD-approved agencies with an office in Lee County; 1 says it serves in Spanish.
No down payment, repair or rent-help program on our list is for Iona or Lee County. The ones below are statewide in Florida: they work in Iona the same as in the rest of the state.
Florida Housing second loan with no interest and no monthly payments, repaid when you sell or refinance.Offered by Florida Housing Finance Corporation.
No legal help resource on our list is for Iona or Lee County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Iona and all of Lee County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Iona?
The typical home value in Iona is $322,800, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Lee County it is $362,200.
How much does it cost to rent in Iona?
Typical rent in Iona is $1,913 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Lee County is $1,835.
What is the FHA loan limit in Iona?
Iona uses the FHA limit for all of Lee County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Iona?
The typical homeowner in Iona pays $2,353 a year, according to the U.S. Census Bureau. That is 0.73% of the home’s value; in Lee County, the rate is 0.79%.
Where can I find free help to buy or rent in Iona?
There are 3 HUD-approved counseling agencies with an office in Lee County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.
