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Lanesboro

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

Median Home$201,600
Median Rent$758/month
Population112
Leading IndustriesTransportation · Arts, Food & Hospitality · Professional Services4% transportation
Home Value Growth⬆⬆⬆+60.1% over 2 years
Young Adults27% of residentsnear the national average
Homeowners83% of occupied units
NotableHighly Educated25% bachelor's · 12% graduate · top 18% nationally
Lanesboro
IA

Frequently Asked Questions

What are today's mortgage rates in Lanesboro?

As of today, the 30-year fixed mortgage rate for Lanesboro is approximately 6.846% (6.880% 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 Lanesboro?

The median home value in Lanesboro is $202k. The median monthly rent is $758. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lanesboro?

Home values in Lanesboro have increased 60.1% 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 Lanesboro?

Based on a typical all-in ownership cost of $860/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lanesboro is $81k/year.

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What industries drive the economy in Lanesboro?

The largest employment sectors in Lanesboro are public administration (22%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.