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Carpenter

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

Median Home$219,800
Median Rent$882/month
Population92
Leading IndustriesTransportation · Retail · Arts, Food & Hospitality4% transportation
Home Value Growth+9.1% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners82% of occupied units
NotableHigh Incomes$91k/year · top 24% nationally
Carpenter
IA

Frequently Asked Questions

What are today's mortgage rates in Carpenter?

As of today, the 30-year fixed mortgage rate for Carpenter is approximately 7.005% (7.048% 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 Carpenter?

The median home value in Carpenter is $220k. The median monthly rent is $882. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Carpenter?

Home values in Carpenter have increased 9.1% 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 Carpenter?

Based on a typical all-in ownership cost of $938/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Carpenter is $91k/year.

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What industries drive the economy in Carpenter?

The largest employment sectors in Carpenter are public administration (16%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.