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Iowa City Community

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

Median Home$308,538
Median Rent$1,107/month
Population182,690
Leading IndustriesPublic Administration · Manufacturing35% public administration
Home Value Growth⬆⬆+11.2% over 2 years
Young Adults37% of residentstop 3% nationally
Homeowners64% of occupied units
NotableHighly Educated26% bachelor's · 13% graduate · top 12% nationally
Iowa City Community
IA

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Frequently Asked Questions

What are today's mortgage rates in Iowa City Community?

As of today, the 30-year fixed mortgage rate for Iowa City Community is approximately 6.938% (6.976% 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 Iowa City Community?

The median home value in Iowa City Community is $309k. The median monthly rent is $1,107. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Iowa City Community?

Home values in Iowa City Community have increased 11.2% 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 Iowa City Community?

Based on a typical all-in ownership cost of $1,248/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $53k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Iowa City Community is $79k/year.

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What industries drive the economy in Iowa City Community?

The largest employment sectors in Iowa City Community are public administration (35%) and retail (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.