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Bankston

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

Median Home$255,800
Median Rent$1,021/month
Population24
Leading IndustriesEducation · Healthcare · Arts, Food & Hospitality16% education
Home Value Growth⬆⬆+19.1% over 2 years
Retirees42% of residentstop 1% nationally
Homeowners75% of occupied units
NotableVeteran Community13% of residents · top 4% nationally
NotableHighly Educated26% bachelor's · 18% graduate · top 16% nationally
Bankston
IA

Frequently Asked Questions

What are today's mortgage rates in Bankston?

As of today, the 30-year fixed mortgage rate for Bankston is approximately 6.881% (6.917% 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 Bankston?

The median home value in Bankston is $256k. The median monthly rent is $1,021. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Bankston?

Home values in Bankston have increased 19.1% 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 Bankston?

Based on a typical all-in ownership cost of $1,085/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $47k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Bankston is $95k/year.

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What industries drive the economy in Bankston?

The largest employment sectors in Bankston are healthcare (27%) and arts, food, and hospitality (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.