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Barnum

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

Median Home$248,200
Median Rent$679/month
Population163
Leading IndustriesAgriculture & Mining · Construction · Manufacturing19% agriculture & mining
Home Value Growth+4.1% over 2 years
Family-Friendly22% of residents
Homeowners97% of occupied units
NotableHigh Incomes$98k/year · top 18% nationally
NotableVeteran Community9% of residents · top 22% nationally
Barnum
IA

Frequently Asked Questions

What are today's mortgage rates in Barnum?

As of today, the 30-year fixed mortgage rate for Barnum is approximately 6.891% (6.927% 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 Barnum?

The median home value in Barnum is $248k. The median monthly rent is $679. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Barnum?

Home values in Barnum have increased 4.1% 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 Barnum?

Based on a typical all-in ownership cost of $1,125/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $48k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Barnum is $98k/year.

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What industries drive the economy in Barnum?

The largest employment sectors in Barnum are public administration (24%) and agriculture and mining (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.