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Iowa Falls

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

Median Home$129,740
Median Rent$850/month
Population4,825
Leading IndustryRetail22% of local workforce
Home Value Growth⬆⬆⬆+22.3% over 2 years
Young Adults37% of residentstop 4% nationally
Homeowners63% of occupied units
NotableTransit86/100 · excellent transit access
NotableAmenity Score75/100 · highly walkable area
Iowa Falls
IA

Frequently Asked Questions

What are today's mortgage rates in Iowa Falls?

As of today, the 30-year fixed mortgage rate for Iowa Falls is approximately 6.996% (7.036% 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 Falls?

The median home value in Iowa Falls is $130k. The median monthly rent is $850. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Iowa Falls?

Home values in Iowa Falls have increased 22.3% 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 Iowa Falls?

Based on a typical all-in ownership cost of $843/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Iowa Falls is $51k/year.

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What industries drive the economy in Iowa Falls?

The largest employment sectors in Iowa Falls are public administration (23%) and retail (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.