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Alleman

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

Median Home$404,100
Median Rent$850/month
Population423
Leading IndustryRetail14% of local workforce
Home Value Growth⬆⬆+15.3% over 2 years
Young Adults25% of residents
Homeowners94% of occupied units
NotableHigh Incomes$137k/year · top 5% nationally
Alleman
IA

Frequently Asked Questions

What are today's mortgage rates in Alleman?

As of today, the 30-year fixed mortgage rate for Alleman is approximately 7.034% (7.075% 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 Alleman?

The median home value in Alleman is $404k. The median monthly rent is $850. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Alleman?

Home values in Alleman have increased 15.3% over the past two years. This indicates a strong appreciation trend. 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 Alleman?

Based on a typical all-in ownership cost of $1,731/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $74k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Alleman is $137k/year.

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What industries drive the economy in Alleman?

The largest employment sectors in Alleman are public administration (23%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.