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Eldon

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

Median Home$195,600
Median Rent$617/month
Population824
Leading IndustriesTransportation · Professional Services · Arts, Food & Hospitality5% transportation
Home Value Growth⬆⬆⬆+59.6% over 2 years
Retirees24% of residentsslightly above average
Homeowners84% of occupied units
NotableHighly Educated33% bachelor's · 17% graduate · top 5% nationally
Eldon
IA

Frequently Asked Questions

What are today's mortgage rates in Eldon?

As of today, the 30-year fixed mortgage rate for Eldon is approximately 6.875% (6.910% 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 Eldon?

The median home value in Eldon is $196k. The median monthly rent is $617. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Eldon?

Home values in Eldon have increased 59.6% 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 Eldon?

Based on a typical all-in ownership cost of $787/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Eldon is $79k/year.

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What industries drive the economy in Eldon?

The largest employment sectors in Eldon are public administration (25%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.