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Denmark

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

Median Home$220,400
Median Rent$971/month
Population495
Leading IndustriesPublic Administration · Transportation · Education29% public administration
Home Value Growth+3.9% over 2 years
Young Adults27% of residentsnear the national average
Homeowners90% of occupied units
NotableTransit81/100 · excellent transit access
NotableHigh Incomes$94k/year · top 21% nationally
Denmark
IA

Frequently Asked Questions

What are today's mortgage rates in Denmark?

As of today, the 30-year fixed mortgage rate for Denmark is approximately 6.813% (6.846% 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 Denmark?

The median home value in Denmark is $220k. The median monthly rent is $971. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Denmark?

Home values in Denmark have increased 3.9% 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 Denmark?

Based on a typical all-in ownership cost of $1,077/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $46k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Denmark is $94k/year.

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What industries drive the economy in Denmark?

The largest employment sectors in Denmark are public administration (29%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.