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La Motte

Learn about the people, housing, costs and businesses in La Motte, Iowa

Median Home$246,500
Median Rent$911/month
Population226
Leading IndustriesProfessional Services · Arts, Food & Hospitality · Education4% professional services
Home Value Growth+8.5% over 2 years
Retirees21% of residentsnear the national average
Homeowners93% of occupied units
NotableHighly Educated44% bachelor's · 17% graduate · top 1% nationally
NotableHigh Incomes$87k/year · top 28% nationally
La Motte
IA

Frequently Asked Questions

What are today's mortgage rates in La Motte?

As of today, the 30-year fixed mortgage rate for La Motte is approximately 6.775% (6.807% 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 La Motte?

The median home value in La Motte is $247k. The median monthly rent is $911. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in La Motte?

Home values in La Motte have increased 8.5% 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 La Motte?

Based on a typical all-in ownership cost of $1,076/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $46k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in La Motte is $87k/year.

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What industries drive the economy in La Motte?

The largest employment sectors in La Motte are public administration (26%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.