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Burt

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

Median Home$86,900
Median Rent$650/month
Population427
Leading IndustriesConstruction · Agriculture & Mining · Retail16% construction
Home Value Growth+5.9% over 2 years
Retirees31% of residentswell above average
Homeowners82% of occupied units
NotableAffordable Market$87k median home · lower cost than 96% of the country
Burt
IA

Frequently Asked Questions

What are today's mortgage rates in Burt?

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

The median home value in Burt is $87k. The median monthly rent is $650. Annual property taxes average $941. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Burt?

Home values in Burt have increased 5.9% 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 Burt?

Based on a typical all-in ownership cost of $664/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $28k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Burt is $65k/year.

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What industries drive the economy in Burt?

The largest employment sectors in Burt are public administration (19%) and agriculture and mining (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.