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Blue Grass

Learn about the people, housing, costs and businesses in Blue Grass, Iowa

Median Home$229,054
Median Rent$853/month
Population1,746
Leading IndustriesTransportation · Retail · Manufacturing4% transportation
Home Value Growth+4.6% over 2 years
Retirees23% of residentsslightly above average
Homeowners86% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
NotableHigh Incomes$87k/year · top 28% nationally
Blue Grass
IA

Frequently Asked Questions

What are today's mortgage rates in Blue Grass?

As of today, the 30-year fixed mortgage rate for Blue Grass is approximately 7.040% (7.081% 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 Blue Grass?

The median home value in Blue Grass is $229k. The median monthly rent is $853. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Blue Grass?

Home values in Blue Grass have increased 4.6% 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 Blue Grass?

Based on a typical all-in ownership cost of $1,013/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 Blue Grass is $87k/year.

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What industries drive the economy in Blue Grass?

The largest employment sectors in Blue Grass are public administration (20%) and retail (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.