$1,950 Per Month
- 5 Beds
- 2 Baths
- 2,058 Sq Ft
- House for Rent
4594 Bus Hwy 287, Iowa Park, TX 76367
4594 Bus Hwy 287, Iowa Park, TX 76367
Frequently Asked Questions
How much does it cost to rent a home in Iowa Park, TX?
The median rent for a home in Iowa Park, TX is $1,697 per month, though prices vary by neighborhood, size, and property type. As of August 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Iowa Park, TX?
To comfortably afford the median rent in Iowa Park, TX, a household needs to earn roughly $67,880 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,697 per month in Iowa Park, TX, renters typically need to show $5,091 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Iowa Park, TX?
In Iowa Park, TX, the price-to-rent ratio is 9.8, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Iowa Park, TX are best for renting a home?
The best neighborhood for renting in Iowa Park, TX depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Sunset Terrace and Downtown Wichita Falls, each with its own character and price range.
