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Cresco

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

Median Home$121,200
Median Rent$715/month
Population3,872
Leading IndustriesRetail · Public Administration25% retail
Home Value Growth⬆⬆+15.0% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners76% of occupied units
NotableAmenity Score77/100 · highly walkable area
NotableTransit86/100 · excellent transit access
Cresco
IA

Frequently Asked Questions

What are today's mortgage rates in Cresco?

As of today, the 30-year fixed mortgage rate for Cresco is approximately 7.202% (7.250% 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 Cresco?

The median home value in Cresco is $121k. The median monthly rent is $715. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Cresco?

Home values in Cresco have increased 15.0% over the past two years. This indicates a strong appreciation trend. 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 Cresco?

Based on a typical all-in ownership cost of $755/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cresco is $61k/year.

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What industries drive the economy in Cresco?

The largest employment sectors in Cresco are public administration (30%) and retail (25%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.