A charming c.1906 home in Gilmore City, IA, offers original woodwork, updated flooring, and a spacious kitchen—all for $57,500.
Affordable Housing with Original Charm
This historic home presents budget-conscious buyers a rare opportunity to own a piece of early 20th-century architecture without sacrificing modern comfort. Alongside the classic woodwork, the interior has fresh paint and updated flooring that blend period features with today’s living standards. Two sizeable bedrooms and a single bathroom meet everyday needs, while the two-car garage and extra storage space support practical living. Situated on two large lots, the property provides ample room for outdoor activities or future expansion.
Cost of Living Advantages in Gilmore City
Gilmore City’s overall cost of living stands out as 24.6% below the national average, making it an attractive location for those wanting to stretch their budgets further. Median home values hover around $77,500, placing this property below average pricing and thus enhancing accessibility for first-time buyers or retirees. Rent prices remain affordable as well, with typical monthly rents near $643, supporting a broad range of housing needs.
Community Safety and Quality of Life
The town’s low crime rate contributes significantly to its appeal, especially for families and individuals prioritizing safety. A friendly neighborhood atmosphere fosters a close-knit community, where residents often know one another and engage in local events. Outdoor recreational opportunities complement this with access to nearby parks and natural spaces, enhancing residents’ well-being and promoting an active lifestyle.
Economic and Employment Considerations
Employment options in Gilmore City are predominantly centered around the agricultural sector. While this provides stability for those involved, the limited diversity in job opportunities may pose challenges for others, especially professionals seeking varied career paths. Prospective buyers should assess how this aligns with their employment needs and long-term goals.
Educational and Demographic Factors
Educational facilities within the town are limited, requiring some residents to commute for higher education and specialized training. This factor could influence families with school-age children considering relocation. In addition, Gilmore City experiences a declining population trend that may impact local services, infrastructure, and economic vitality over time.
Balancing Benefits and Challenges
Choosing to live in Gilmore City involves weighing its affordable housing and low living costs against constraints such as fewer amenities, limited job sectors, and educational access. Buyers attracted by a historic home and safe community environment might find the trade-offs manageable. Those seeking a vibrant urban lifestyle, however, may need to consider other locales.
Final Thoughts on the Gilmore City Property
This c.1906 home offers a unique blend of historic charm and affordability within a safe, small-town setting. Its features, including original woodwork and spacious grounds, provide solid value. Understanding the broader community context helps potential residents make informed decisions about lifestyle compatibility and future prospects in Gilmore City.