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Batavia

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

Median Home$163,200
Median Rent$1,011/month
Population435
Leading IndustriesRetail · Manufacturing · Transportation19% retail
Home Value Growth-4.5% over 2 years
Young Adults28% of residentsnear the national average
Homeowners79% of occupied units
Batavia
IA

Frequently Asked Questions

What are today's mortgage rates in Batavia?

As of today, the 30-year fixed mortgage rate for Batavia is approximately 6.925% (6.962% 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 Batavia?

The median home value in Batavia is $163k. The median monthly rent is $1,011. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Batavia?

Home values in Batavia have decreased 4.5% 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 Batavia?

Based on a typical all-in ownership cost of $1,000/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Batavia is $63k/year.

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What industries drive the economy in Batavia?

The largest employment sectors in Batavia are retail (19%) and public administration (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.