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Drakesville

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

Median Home$162,500
Median Rent$925/month
Population162
Leading IndustriesProfessional Services · Retail · Education6% professional services
Home Value Growth+8.1% over 2 years
Young Adults25% of residents
Homeowners87% of occupied units
Drakesville
IA

Frequently Asked Questions

What are today's mortgage rates in Drakesville?

As of today, the 30-year fixed mortgage rate for Drakesville is approximately 6.833% (6.867% 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 Drakesville?

The median home value in Drakesville is $163k. The median monthly rent is $925. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Drakesville?

Home values in Drakesville have increased 8.1% 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 Drakesville?

Based on a typical all-in ownership cost of $1,060/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Drakesville is $81k/year.

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What industries drive the economy in Drakesville?

The largest employment sectors in Drakesville are public administration (22%) and retail (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.