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Balltown

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

Median Home$289,100
Median Rent$988/month
Population76
Leading IndustriesRetail · Transportation · Construction23% retail
Home Value Growth⬆⬆⬆+35.1% over 2 years
Retirees22% of residentsnear the national average
Homeowners93% of occupied units
NotableHigh Incomes$96k/year · top 20% nationally
Balltown
IA

Frequently Asked Questions

What are today's mortgage rates in Balltown?

As of today, the 30-year fixed mortgage rate for Balltown 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 Balltown?

The median home value in Balltown is $289k. The median monthly rent is $988. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Balltown?

Home values in Balltown have increased 35.1% 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 Balltown?

Based on a typical all-in ownership cost of $1,325/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $57k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Balltown is $96k/year.

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What industries drive the economy in Balltown?

The largest employment sectors in Balltown are public administration (24%) and retail (23%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.