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Gillett Grove

Learn about the people, housing, costs and businesses in Gillett Grove, Iowa

Median Home$184,600
Median Rent$900/month
Population31
Leading IndustriesManufacturing · Public Administration · Agriculture & Mining3% manufacturing
Home Value Growth+8.9% over 2 years
Retirees23% of residentsslightly above average
Homeowners92% of occupied units
NotableHigh Incomes$96k/year · top 20% nationally
Gillett Grove
IA

Frequently Asked Questions

What are today's mortgage rates in Gillett Grove?

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

The median home value in Gillett Grove is $185k. The median monthly rent is $900. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Gillett Grove?

Home values in Gillett Grove have increased 8.9% 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 Gillett Grove?

Based on a typical all-in ownership cost of $857/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Gillett Grove is $96k/year.

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What industries drive the economy in Gillett Grove?

The largest employment sectors in Gillett Grove are public administration (29%) and retail (8%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.