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Grinnell

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

Median Home$198,651
Median Rent$896/month
Population9,284
Leading IndustriesPublic Administration · Retail40% public administration
Home Value Growth+4.7% over 2 years
Young Adults33% of residentswell above average
Homeowners66% of occupied units
Grinnell
IA

Frequently Asked Questions

What are today's mortgage rates in Grinnell?

As of today, the 30-year fixed mortgage rate for Grinnell is approximately 7.000% (7.040% 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 Grinnell?

The median home value in Grinnell is $199k. The median monthly rent is $896. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Grinnell?

Home values in Grinnell have increased 4.7% 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 Grinnell?

Based on a typical all-in ownership cost of $1,039/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Grinnell is $65k/year.

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What industries drive the economy in Grinnell?

The largest employment sectors in Grinnell are public administration (40%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.