Neola was established in 1882. The name of the town is of Indian origin meaning “Lookout” as the high hills of the area provided an excellent lookout for the various Indian tribes who migrated to these parts in the early days. The city of Neola offers various housing incentives. $15,000.00 incentive when you build a new home, $3,500.00 builder incentive to build a new home in Neola, $5,000.00 incentive when you purchase an existing home in Neola, and no interest loans up to $10,000.00 to rehabilitate an existing home in Neola. Neola has an indoor swimming pool, Neola Area Community Center, Quail Run Golf Course, Arrowhead Park, Phoenix Theatre and numerous other small businesses to accommodate your everyday life in Neola.