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Gilbertville

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

Median Home$226,000
Median Rent$683/month
Population745
Leading IndustryTransportation3% of local workforce
Home Value Growth⬆⬆⬆+24.6% over 2 years
Retirees23% of residentsslightly above average
Homeowners90% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
NotableHigh Incomes$86k/year · top 29% nationally
Gilbertville
IA

Frequently Asked Questions

What are today's mortgage rates in Gilbertville?

As of today, the 30-year fixed mortgage rate for Gilbertville is approximately 7.016% (7.056% 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 Gilbertville?

The median home value in Gilbertville is $226k. The median monthly rent is $683. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Gilbertville?

Home values in Gilbertville have increased 24.6% 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 Gilbertville?

Based on a typical all-in ownership cost of $1,023/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $44k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Gilbertville is $86k/year.

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What industries drive the economy in Gilbertville?

The largest employment sectors in Gilbertville are public administration (25%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.