Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Farmersburg

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

Median Home$188,000
Median Rent$642/month
Population265
Leading IndustriesEducation · Retail · Manufacturing4% education
Home Value Growth+8.2% over 2 years
Retirees28% of residentswell above average
Homeowners75% of occupied units
Farmersburg
IA

Frequently Asked Questions

What are today's mortgage rates in Farmersburg?

As of today, the 30-year fixed mortgage rate for Farmersburg is approximately 6.966% (7.005% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Farmersburg
What is the median home price in Farmersburg?

The median home value in Farmersburg is $188k. The median monthly rent is $642. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Farmersburg?

Home values in Farmersburg have increased 8.2% 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 Farmersburg?

Based on a typical all-in ownership cost of $799/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 Farmersburg is $58k/year.

Calculate your buying power
What industries drive the economy in Farmersburg?

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