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Farnhamville

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

Median Home$118,600
Median Rent$829/month
Population379
Leading IndustriesEducation · Wholesale Trade · Construction4% education
Home Value Growth+7.3% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners87% of occupied units
NotableAffordable Market$119k median home · lower cost than 85% of the country
Farnhamville
IA

Frequently Asked Questions

What are today's mortgage rates in Farnhamville?

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

The median home value in Farnhamville is $119k. The median monthly rent is $829. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Farnhamville?

Home values in Farnhamville have increased 7.3% 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 Farnhamville?

Based on a typical all-in ownership cost of $718/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Farnhamville is $62k/year.

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What industries drive the economy in Farnhamville?

The largest employment sectors in Farnhamville are public administration (17%) and wholesale trade (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.