In Iola, a typical home is worth $78,300 and typical rent is $767 a month. Compared with all of Allen County, the typical home value is 27% lower, typical household income is 11% lower, and the share of households that own their home is 15 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $71,622 to $91,378.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Iola is in Allen 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 Allen County. See the county
What this place has that others do not, from public data, most unusual first.
1
Iola has the 4th lowest typical home value of the 64 cities in Kansas with more than 5,000 people ($78,300).
2
According to Zillow, in the 12 months to September 2026 the typical home value in Iola fell 2%; in Kansas, it rose 3.5%.
3
61% of households in Iola own their home, against 75% in Allen County.
Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data
The homes here
Housing in Iola
What homes there are in Iola, 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
Iola
Allen County
Kansas
United States
Kind of home: Iola and its comparisons
Measure
Iola
Allen County
Kansas
United States
Detached house
83%
83%
72%
61%
Attached house
Unreliable estimate
Unreliable estimate
5%
6%
Building of 2 to 4
Unreliable estimate
3%
6%
8%
Apartments (5 or more)
Unreliable estimate
Unreliable estimate
13%
19%
Mobile home
Unreliable estimate
10%
4%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
In Iola, 8 in 10 homes are single-family detached houses, about the same as in Allen County.
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Iola
Allen County
Kansas
United States
Year built: Iola and its comparisons
Measure
Iola
Allen County
Kansas
United States
Before 1960
50%
46%
32%
26%
1960–1979
31%
26%
24%
24%
1980–1999
12%
18%
23%
25%
2000–2009
Unreliable estimate
7%
12%
14%
2010 or later
Unreliable estimate
3%
9%
11%
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100K57%
$100K–$200K27%
$200K–$300KUnreliable
$300K–$500KUnreliable
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Iola and its comparisons
Measure
Iola
Under $100K
57%
$100K–$200K
27%
$200K–$300K
Unreliable estimate
$300K–$500K
Unreliable estimate
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99978%
$1,000–$1,499Unreliable
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Iola and its comparisons
Measure
Iola
Under $500
Unreliable estimate
$500–$999
78%
$1,000–$1,499
Unreliable estimate
$1,500–$1,999
Unreliable
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable
With a mortgage
$1,024 a month
Allen County: $1,188 a month
Without a mortgage
$456 a month
Allen County: $546 a month
Owners with a mortgage
50%
Allen County: 43%
In Iola, 50% of owners have a mortgage, and their typical cost is $1,024 a month, against $1,188 in Allen County. Without one it drops to $456.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
IolaNo clear change
Allen County+36%
Kansas+43%
United States+53%
Typical rent
IolaNo clear change
Allen CountyNo clear change
Kansas+25%
United States+33%
Typical household income
Iola+48%
Allen County+34%
Kansas+25%
United States+29%
Change since 2015–2019: Iola and its comparisons
Measure
Iola
Allen County
Kansas
United States
Typical home value
No clear change
+36%
+43%
+53%
Typical rent
No clear change
No clear change
+25%
+33%
Typical household income
+48%
+34%
+25%
+29%
From 2015–2019 to 2020–2024, the typical home value in Iola did not change clearly: the difference is within the Census margin of error.
Since 2015–2019, the typical rent in Iola did not change clearly, according to the Census.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Iola and its comparisons
Measure
Iola
Allen County
Kansas
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
6.2%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.9%
0.9%
More than one person per room
Unreliable estimate
Unreliable estimate
2.1%
3.4%
People per household
2.40
2.40
2.44
2.53
Drive alone
78%
78%
75%
69%
Carpool
Unreliable estimate
10%
9%
9%
Public transit
Unreliable estimate
Unreliable estimate
0%
3%
Walk or bike
Unreliable estimate
4%
3%
3%
Work from home
Unreliable estimate
7%
12%
15%
Other means
Unreliable estimate
Unreliable estimate
1%
2%
Typical commute
Unreliable estimate
10 to 19 minutes
10 to 19 minutes
20 to 29 minutes
A household in Iola has 2.40 people on average, about the same as in Allen County (2.40).
In Iola, 78% of workers drive alone to work; in Allen County, 78%.
Do the math
What would you pay each month for a home in Iola?
A typical home is within reach of the typical income
We start with a typical home in Iola, worth $78,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 16% of the typical household income in Iola, which is $54,221 a year.
The calculator's FHA and conventional loan limits are those of all of Allen 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 Iola. 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 $2,741 (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
$711
at 7.18% · 30 years
Loan amount
$76,881
Total interest
$110,614
Paid off in
November 2056
Includes $1,322 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,265 a month
Your payment · 16%
Tight
$1,265 to $1,627 a month
Hard
more than $1,627 a month
Compared with the typical household income in Iola ($54,221 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$521
Property tax
$123
Home insurance
$33
FHA mortgage insurance (MIP)
$35
You need at least $2,741 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 $711; principal and interest $521.
The city and its county
Iola and Allen County
Iola is in Allen County, Kansas. 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).
Iola
Map of Allen County, Kansas, with Iola marked. Around it, the neighboring counties.
Iola
Allen County
Iola's own numbers
Typical home value
$78,300
Typical monthly rent
$767
Typical yearly household income
$54,221
Households that own their home
61%
Effective property tax rate
1.89%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Allen County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$961
Price change over 5 years (FHFA)
+59%
Homes in a high flood-risk zone
5.6%
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 Allen County.
A typical home in Iola is worth $78,300: 27% below the county and 64% below Kansas. With the typical household income in Iola ($54,221 a year), a typical home costs 1.4 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.
Iola1.4 years
Allen1.8 years
Kansas2.9 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Allen County
According to FHFA’s house price index, home prices in Allen County rose 78% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Allen County.
Yearly change in FHFA’s price index in Allen County, 2016 to 2025
2016: +3.7% +3.7% 2016
2017: +1.9% +1.9% 2017
2018: +1.6% +1.6% 2018
2019: +4.4% +4.4% 2019
2020: +0.1% +0.1% 2020
2021: +13.9% +13.9% 2021
2022: +10.3% +10.3% 2022
2023: +0.8% +0.8% 2023
2024: +7.9% +7.9% 2024
2025: +16.4% +16.4% 2025
Change in FHFA’s price index in Allen County, Kansas and the United States
Period
County
Kansas
U.S.
Last year (2025)
+16.4%
+4.1%
+2.9%
5 years (2020–2025)
+59%
+49%
+47%
10 years (2015–2025)
+78%
+84%
+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
Iola next to Allen County, Kansas and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Iola$78,300
Allen$107,600
Kansas$217,200
United States$332,700
Typical monthly rent
Iola$767
Allen$720
Kansas$1,060
United States$1,413
Typical yearly household income
Iola$54,221
Allen$60,689
Kansas$74,275
United States$80,734
See the full table
Iola next to Allen County and Kansas
Measure
Iola
Allen County
Kansas
U.S.
Typical home value
$78,300 ▼27% below the county
$107,600
$217,200
$332,700
Typical monthly rent
$767 ▲7% above the county
$720
$1,060
$1,413
Typical yearly household income
$54,221 ▼11% below the county
$60,689
$74,275
$80,734
Households that own their home
61% ▼15 points below the county
75%
67%
65%
Typical yearly property tax
$1,477 ▼18% below the county
$1,796
$2,798
$3,119
Effective property tax rate
1.89% ▲0.22 points above the county
1.67%
1.29%
0.94%
Renters with high rent for their income
41% ▲4 points above the county
37%
43%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Allen 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 Iola
For a typical $78,300 home in Iola, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Iola's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$711a month
Least cash to close
Down payment
$2,741
Cash to close
$5,090
Rate
7.18%
Mortgage insurance
FHA MIP · $35
Conventional, 5% down$697a month
Down payment
$3,915
Cash to close
$6,264
Rate
7.18%
Mortgage insurance
PMI · $37
Conventional, 20% down, no PMI$580a month
Down payment
$15,660
Cash to close
$18,009
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$653a month
Down payment
$11,745
Cash to close
$14,094
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Iola
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$711
$2,741
$76,882
7.18%
FHA MIP · $35
$5,090
580
Conventional, 5% down
$697
$3,915
$74,385
7.18%
PMI · $37
$6,264
620*
Conventional, 20% down, no PMI
$580
$15,660
$62,640
7.18%
None
$18,009
620*
ITIN, 15% down (example)
$653
$11,745
$66,555
8.18%
None
$14,094
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 Iola is $767 a month: 7% above the county. In Iola, 41% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Allen County, by unit size. To pay the 2-bedroom one ($961 a month) without spending more than 30% of your income, you would need to earn $18.48 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 Allen County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$786
$15.12
$31,440
1 bedroom
$814
$15.65
$32,560
2 bedrooms
$961
$18.48
$38,440
3 bedrooms
$1,298
$24.96
$51,920
4 bedrooms
$1,418
$27.27
$56,720
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 Iola
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Iola is in ZIP code 66749.
For 2 bedrooms it is $980: $19 more than the fair market rent for Allen County ($961).
Fair market rent by ZIP code and size in Iola, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
66749
$800
$830
$980
$1,320
$1,450
ZIP code2 bd3 bd
66749 $980$1,320
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Iola 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)
HUD lists 4 buildings with rents for lower incomes in Iola. These are the largest.
Housing Authority of the City of Iola217 N Washington Ave, Iola 66749153 homes, 146 low-income · Run by Iola Housing Authority · Average payment: $370 a month · Average wait: 4 months · Homes at several sites(620) 365-5143
River Valley Homes308 McGuire Dr E, Iola 6674930 low-income homes · 3 bd: 30 · In service since 2009 · For families
River Valley Homes II7 Boyer Cir, Iola 6674929 low-income homes · 3 bd: 29 · In service since 2014 · For families
Cedarbrook Estates2700 N Cottonwood St, Iola 6674924 homes · In service since 2012
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.
We found no HUD-approved agencies with an office in Allen County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Iola or Allen County. The ones below are statewide in Kansas: they work in Iola the same as in the rest of the state.
Kansas state corporation 0% loan for 15% or 20% of the price for the down payment and closing costs, forgiven after 10 years in the home, for households with income up to 80% of the area median; not available in Johnson County or in Kansas City, Lawrence, Topeka and Wichita.Offered by Kansas Housing Resources Corporation (KHRC).
No legal help resource on our list is for Iola or Allen 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 Iola and all of Allen 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 Iola?
The typical home value in Iola is $78,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Allen County it is $107,600.
How much does it cost to rent in Iola?
Typical rent in Iola is $767 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Allen County is $961.
What is the FHA loan limit in Iola?
Iola uses the FHA limit for all of Allen 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 Iola?
The typical homeowner in Iola pays $1,477 a year, according to the U.S. Census Bureau. That is 1.89% of the home’s value; in Allen County, the rate is 1.67%.
Where can I find free help to buy or rent in Iola?
We found no HUD-approved counseling agencies with an office in Allen County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
