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Iowa Falls Community

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

Median Home$409,862
Median Rent$1,610/month
Population221,196
Leading IndustriesHealthcare · Arts, Food & Hospitality · Transportation13% healthcare
Home Value Growth⬆⬆+13.1% over 2 years
Young Adults26% of residents
Homeowners81% of occupied units
NotableHighly Educated26% hold a bachelor's degree · top 12% nationally
NotableHigh Incomes$104k/year · top 12% nationally
Iowa Falls 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 Iowa Falls Community?

As of today, the 30-year fixed mortgage rate for Iowa Falls Community is approximately 6.886% (6.922% 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 Community?

The median home value in Iowa Falls Community is $410k. The median monthly rent is $1,610. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Iowa Falls Community?

Home values in Iowa Falls Community have increased 13.1% 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 Community?

Based on a typical all-in ownership cost of $1,581/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $68k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Iowa Falls Community is $104k/year.

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What industries drive the economy in Iowa Falls Community?

The largest employment sectors in Iowa Falls Community are public administration (22%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.