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Hamburg

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

Median Home$150,500
Median Rent$738/month
Population966
Leading IndustriesPublic Administration · Arts, Food & Hospitality · Healthcare53% public administration
Home Value Growth⬆⬆⬆+39.8% over 2 years
Young Adults45% of residentstop 2% nationally
Homeowners80% of occupied units
NotableHighly Educated26% bachelor's · 23% graduate · top 16% nationally
NotableAffordable Market$151k median home · lower cost than 74% of the country
Hamburg
IA

Frequently Asked Questions

What are today's mortgage rates in Hamburg?

As of today, the 30-year fixed mortgage rate for Hamburg is approximately 6.844% (6.878% 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 Hamburg?

The median home value in Hamburg is $151k. The median monthly rent is $738. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hamburg?

Home values in Hamburg have increased 39.8% 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 Hamburg?

Based on a typical all-in ownership cost of $736/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hamburg is $68k/year.

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What industries drive the economy in Hamburg?

The largest employment sectors in Hamburg are public administration (53%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.