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Elberon

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

Median Home$157,900
Median Rent$843/month
Population177
Leading IndustriesTransportation · Wholesale Trade · Retail7% transportation
Home Value Growth⬆⬆⬆+24.5% over 2 years
Retirees23% of residentsslightly above average
Homeowners92% of occupied units
NotableAffordable Market$158k median home · lower cost than 71% of the country
Elberon
IA

Frequently Asked Questions

What are today's mortgage rates in Elberon?

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

The median home value in Elberon is $158k. The median monthly rent is $843. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Elberon?

Home values in Elberon have increased 24.5% 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 Elberon?

Based on a typical all-in ownership cost of $829/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Elberon is $71k/year.

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What industries drive the economy in Elberon?

The largest employment sectors in Elberon are retail (21%) and public administration (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.