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
Low Cost of Living
Eldora’s cost of living is about 23‑24% lower than the U.S. average.
Housing is especially affordable: the median home price is much lower than national averages.
Moderate Median Household Income
Median household income is around $72,000+ which is decent relative to many small towns.
Poverty rate is lower than many places: around 7‑8%.
Small‑Town Feel & Community
Because Eldora is small (~2,600 people) it tends to have a close‑knit community.
Quieter, less hustle, less traffic. Probably more peaceful for many people.
Good Housing Options
Median home values low (~$100,000 range) make ownership more accessible.
Rents are also significantly below national averages.
Reasonable Commutes & Access
Many residents have short commute times. Also, because the area is smaller and less congested, daily getting around tends to be easier.
Education System
Eldora‑New Providence School District serves the area; small schools may offer more individual attention.
Cons of Eldora, IA
Limited Amenities & Entertainment
Fewer restaurants, shops, cultural events than larger cities. If you like variety in entertainment, this may feel lacking.
Amenities are often not walkable—many things require driving. Public transit is minimal.
Population Decline & Small Size
The population is declining slowly (‑0.8% annually in recent years).
Small population means fewer job opportunities, especially in specialized fields.
Crime Rates Relative to State Averages
Some data show Eldora’s crime rates are higher than the Iowa average in certain categories.
This might depend a lot on neighborhood/area within the city.
Limited Higher Education / Specialized Services Nearby
For things like big hospitals, specialized medical care, high-level cultural institutions, you may need to travel to larger cities.
Potential for Isolation for Some
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.
Slow Growth / Less Economic Dynamism
With the small size and population decline, economic momentum (new businesses, tech, cultural growth) may be slower.
