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Hedrick

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

Median Home$123,900
Median Rent$646/month
Population681
Leading IndustriesConstruction · Agriculture & Mining · Finance & Insurance14% construction
Home Value Growth+9.0% over 2 years
Young Adults25% of residents
Homeowners82% of occupied units
NotableAffordable Market$124k median home · lower cost than 83% of the country
Hedrick
IA

Frequently Asked Questions

What are today's mortgage rates in Hedrick?

As of today, the 30-year fixed mortgage rate for Hedrick is approximately 7.036% (7.080% 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 Hedrick?

The median home value in Hedrick is $124k. The median monthly rent is $646. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hedrick?

Home values in Hedrick have increased 9.0% 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 Hedrick?

Based on a typical all-in ownership cost of $866/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 Hedrick is $67k/year.

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What industries drive the economy in Hedrick?

The largest employment sectors in Hedrick are public administration (20%) and agriculture and mining (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.