Neola, IA Real Estate
According to census data in the year 2000 there were 366 housing units in Neola.
This represents a 7.6% growth from 340 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 366 were located in what is classified as a rural area.
Homeownership rate in Neola is about 76%.
Neola's vacancy rate, including seasonal lodging, is about 6.8%.
Average household size is 2.55 people.
The majority of houses, apartments or condos in Neola were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 9.80% |
| Two Bedrooms | 29.20% |
| Three Bedrooms | 41.50% |
| Four Bedrooms | 16.70% |
| Five Bedrooms or more | 2.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.68 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $86,500 |
| Median Price asked for vacant units | $95,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.13 |
| Median year structure was built | 1955 |
| Median Monthly Rent asked for vacant units | $413 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8.30% |
| Home Equity Loan | 3.50% |
| Simple Mortgage | 48% |
| Debt Free | 40.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.8% |
