Similar to the surrounding areas, it is significantly less expensive compared to the rest of the country. Compared to the city of Madison, it's significantly less expensive.
Home prices
Iola's median home price is $98,300. This is about $1,440 (1%) lower in comparison to other places in this area.Compared to the United States as a whole it is about $119,200 (54%) lower, and is roughly $148,000 (60%) lower compared to the city of Madison.
Rents
In Iola the median rent is $616 a month. It is about $74 (10%) lower in comparison to other places in this area.Compared to the entire nation it is about $446 (41%) lower, and it is about $502 (44%) lower in comparison to the city of Madison.
Nearby places
Scandinavia
Scandinavia is roughly 3 miles south from Iola. Its housing prices are pretty similar. The median home in Scandinavia costs $99,000, which is very similar to Iola. Rents there are somewhat more expensive. The median monthly rent in Scandinavia is $765, which comes out to $149 (19%) higher than Iola.
Ogdensburg
Ogdensburg is roughly 5 miles southeast of Iola. Housing prices there are a little less expensive. The median home in Ogdensburg costs $85,400, which is $12,900 (15%) lower than Iola. Rents there are fairly similar. Ogdensburg's median monthly rent is $592, which works out to $24 (4%) lower than Iola.
Amherst
Amherst is roughly 7 miles southwest of Iola. Its housing prices are somewhat more expensive. The value of the median home in Amherst is $136,300, which is $38,000 (27%) higher than Iola. Rents there are a little more expensive. Amherst's median monthly rent is $720, which works out to $104 (14%) higher than Iola.
Nelsonville
Nelsonville is roughly 7 miles west from Iola. Its real estate prices are a bit more expensive. Nelsonville's median home cost is $121,300, which is $23,000 (18%) higher than Iola. Rent there is somewhat more expensive. The median monthly rent in Nelsonville is $675, which works out to $59 (8%) higher than Iola.
Big Falls
Big Falls is approximately 8 miles northeast of Iola. Its housing prices are significantly less expensive. The median home price in Big Falls is $56,700, which comes out to $41,600 (73%) lower than Iola. The rent there is a bit more expensive. In Big Falls the median monthly rent is $700, which works out to $84 (12%) higher than Iola.
