Sweet c.1915 Two Bedroom Affordable Iowa Bungalow $40K
OHU50K Notes $40,000
Sweet c.1915 Two Bedroom Affordable Iowa Bungalow. This would make for a wonderful starter home. The cute little home is on a corner lot close to everything. Small town living at its finest.
Realtor Comments
Come take a look at this charming home in Eldora! Hardwood floors, flooded with natural light, a great size kitchen, and large yard, all at an incredible price! This home has newer windows, a great layout on the main floor, as well as bonus space upstairs. Schedule your showing today!
- 2 bed
- 1 bath
- Build date 1915
- Contact Realtor: Tony MacFarland
- Google Map
- Niche
Pros of Eldora, IA
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Low Cost of Living
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Eldora’s cost of living is about 23‑24% lower than the U.S. average.
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Housing is especially affordable: the median home price is much lower than national averages.
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Moderate Median Household Income
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Median household income is around $72,000+ which is decent relative to many small towns.
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Poverty rate is lower than many places: around 7‑8%.
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Small‑Town Feel & Community
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Because Eldora is small (~2,600 people) it tends to have a close‑knit community.
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Quieter, less hustle, less traffic. Probably more peaceful for many people.
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Good Housing Options
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Median home values low (~$100,000 range) make ownership more accessible.
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Rents are also significantly below national averages.
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Reasonable Commutes & Access
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Many residents have short commute times. Also, because the area is smaller and less congested, daily getting around tends to be easier.
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Education System
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Eldora‑New Providence School District serves the area; small schools may offer more individual attention.
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Cons of Eldora, IA
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Limited Amenities & Entertainment
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Fewer restaurants, shops, cultural events than larger cities. If you like variety in entertainment, this may feel lacking.
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Amenities are often not walkable—many things require driving. Public transit is minimal.
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Population Decline & Small Size
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The population is declining slowly (‑0.8% annually in recent years).
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Small population means fewer job opportunities, especially in specialized fields.
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Crime Rates Relative to State Averages
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Some data show Eldora’s crime rates are higher than the Iowa average in certain categories.
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This might depend a lot on neighborhood/area within the city.
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Limited Higher Education / Specialized Services Nearby
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For things like big hospitals, specialized medical care, high-level cultural institutions, you may need to travel to larger cities.
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Potential for Isolation for Some
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If you’re used to big city amenities (public transit, nightlife, etc.), or you like being surrounded by a lot of people and options, Eldora may feel isolated or limited.
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Slow Growth / Less Economic Dynamism
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With the small size and population decline, economic momentum (new businesses, tech, cultural growth) may be slower.
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