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Indianola Community

Learn about the people, housing, costs and businesses in Indianola Community, Iowa

Median Home$339,439
Median Rent$1,427/month
Population138,970
Leading IndustriesArts, Food & Hospitality · Transportation · Professional Services8% arts, food & hospitality
Home Value Growth⬆⬆+16.8% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners65% of occupied units
NotableHighly Educated25% hold a bachelor's degree · top 15% nationally
NotableHigh Incomes$93k/year · top 21% nationally
Indianola Community
IA

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Indianola Community?

As of today, the 30-year fixed mortgage rate for Indianola Community is approximately 6.898% (6.934% 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 Indianola Community?

The median home value in Indianola Community is $339k. The median monthly rent is $1,427. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Indianola Community?

Home values in Indianola Community have increased 16.8% 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 Indianola Community?

Based on a typical all-in ownership cost of $1,519/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $65k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Indianola Community is $93k/year.

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What industries drive the economy in Indianola Community?

The largest employment sectors in Indianola Community are public administration (24%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.