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Iona

Learn about the people, housing, costs and businesses in Iona, Minnesota

Median Home$167,200
Median Rent$814/month
Population163
Leading IndustriesConstruction · Agriculture & Mining · Transportation12% construction
Home Value Growth⬆⬆⬆+25.3% over 2 years
Retirees24% of residentsslightly above average
Homeowners83% of occupied units
NotableAffordable Market$167k median home · lower cost than 66% of the country
Iona
MN

Frequently Asked Questions

What are today's mortgage rates in Iona?

As of today, the 30-year fixed mortgage rate for Iona is approximately 6.965% (7.004% 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 Iona?

The median home value in Iona is $167k. The median monthly rent is $814. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Iona?

Home values in Iona have increased 25.3% 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 Iona?

Based on a typical all-in ownership cost of $789/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Iona is $76k/year.

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What industries drive the economy in Iona?

The largest employment sectors in Iona are public administration (30%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.