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Adair

Learn about the people, housing, costs and businesses in Adair, Iowa

Median Home$194,338
Median Rent$849/month
Population795
Leading IndustriesConstruction · Agriculture & Mining · Manufacturing11% construction
Home Value Growth-6.2% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners77% of occupied units
Adair
IA

Frequently Asked Questions

What are today's mortgage rates in Adair?

As of today, the 30-year fixed mortgage rate for Adair is approximately 6.947% (6.985% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Adair?

The median home value in Adair is $194k. The median monthly rent is $849. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Adair?

Home values in Adair have decreased 6.2% over the past two years. Buyers may find more negotiating room in this market. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Adair?

Based on a typical all-in ownership cost of $1,043/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Adair is $69k/year.

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What industries drive the economy in Adair?

The largest employment sectors in Adair are public administration (22%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.