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Armstrong

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

Median Home$103,700
Median Rent$620/month
Population797
Leading IndustriesConstruction · Agriculture & Mining · Professional Services23% construction
Home Value Growth+9.1% over 2 years
Retirees25% of residentsabove average nationally
Homeowners81% of occupied units
NotableAffordable Market$104k median home · lower cost than 91% of the country
Armstrong
IA

Frequently Asked Questions

What are today's mortgage rates in Armstrong?

As of today, the 30-year fixed mortgage rate for Armstrong is approximately 6.952% (6.993% 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 Armstrong?

The median home value in Armstrong is $104k. The median monthly rent is $620. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Armstrong?

Home values in Armstrong have increased 9.1% over the past two years. This represents moderate growth. 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 Armstrong?

Based on a typical all-in ownership cost of $681/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Armstrong is $70k/year.

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What industries drive the economy in Armstrong?

The largest employment sectors in Armstrong are agriculture and mining (24%) and construction (23%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.