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Did you know that Iowa is ranked the #1 state in the nation for housing affordability? And, according to new research from Moneywise and NAR, Iowa has been named the fifth best state for first-time homebuyers with an average down payment requirement of $23,844.34, beating the national, overall average of $43,870.93. They ranked the 50 states based on the median price for houses in each respective state as provided by Zillow and the average down payment percentage of 13%. The average Zillow home value is $183,418. With ample opportunities for businesses to grow, Iowans are equally committed to building lasting communities that hold the honor of low-cost living.
Iowa has also adopted tax-friendly policies, eliminating tax on retirement income and making strides to decrease individual income tax rates to a flat rate of 3.9%...
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