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Kalona

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

Median Home$291,527
Median Rent$842/month
Population2,715
Leading IndustriesTransportation · Public Administration · Construction6% transportation
Home Value Growth+5.2% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners78% of occupied units
NotableHigh Incomes$95k/year · top 20% nationally
Kalona
IA

Frequently Asked Questions

What are today's mortgage rates in Kalona?

As of today, the 30-year fixed mortgage rate for Kalona is approximately 6.931% (6.968% 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 Kalona?

The median home value in Kalona is $292k. The median monthly rent is $842. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Kalona?

Home values in Kalona have increased 5.2% over the past two years. This represents moderate growth. 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 Kalona?

Based on a typical all-in ownership cost of $1,174/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $50k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Kalona is $95k/year.

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What industries drive the economy in Kalona?

The largest employment sectors in Kalona are public administration (29%) and wholesale trade (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.