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Iola, IL

Full City Profile · Illinois · Clay County County

2.8 /5.0
C+ Fair
71 Population 74/sq mi density
$45,000 Median Income $26,972 per capita
$71,700 Home Value $113,255 Zillow
56°F Avg Temperature 293 sunny days/yr
60 Violent Crime/100K 2,351 property/100K
C+
Overall
2.8 / 5.0
Fair overall score based on economy, affordability, safety and education
B+
Economy
3.9 / 5.0
$45,000 median income, 0.0% unemployment
A+
Affordability
5.0 / 5.0
$71,700 home value, /mo rent
F
Safety
1.0 / 5.0
60 violent crimes/100K
F
Education
1.4 / 5.0
5.2% bachelor's degree or higher

Housing Overview

Median Home Value
$71,700
75% below
US avg: $281,900
Homeownership Rate
80.6%
23% above US avg (65.4%)
Total Housing Units
31
Median year built: 1952

Home Value by Source

Census Median
$71,700
Zillow (ZHVI)
$113,255
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

80.6%
Owner-Occupied
19.4%
Renter-Occupied
81%
19%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$774/mo
1 Bedroom
$854/mo
2 Bedroom
$1,063/mo
3 Bedroom
$1,370/mo
4 Bedroom
$1,561/mo

Affordability & Housing Stock

Rent Burden
19.5%
of renters spending 30%+ of income on housing
37% below US avg (31.0%)
Median Year Built
1952
Average age of housing stock: 74 years
Homeownership Rate
80.6%

Complete Housing Data

Home Values

Census Median Value$71,700
Zillow Home Value (ZHVI)$113,255

Rent

FMR Studio$774
FMR 1-Bedroom$854
FMR 2-Bedroom$1,063
FMR 3-Bedroom$1,370
FMR 4-Bedroom$1,561

Market

Ownership & Stock

Owner-Occupied80.6%
Renter-Occupied19.4%
Homeownership Rate80.6%
Total Housing Units31
Median Year Built1952
Rent Burden19.5%