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Allison

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

Median Home$127,400
Median Rent$880/month
Population1,060
Leading IndustriesPublic Administration · Wholesale Trade · Retail32% public administration
Home Value Growth-5.8% over 2 years
Retirees31% of residentswell above average
Homeowners77% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
Allison
IA

Frequently Asked Questions

What are today's mortgage rates in Allison?

As of today, the 30-year fixed mortgage rate for Allison is approximately 6.978% (7.020% 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 Allison?

The median home value in Allison is $127k. The median monthly rent is $880. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Allison?

Home values in Allison have decreased 5.8% 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 Allison?

Based on a typical all-in ownership cost of $838/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Allison is $67k/year.

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What industries drive the economy in Allison?

The largest employment sectors in Allison are public administration (32%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.