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Larrabee

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

Median Home$203,200
Median Rent$1,011/month
Population126
Leading IndustriesArts, Food & Hospitality · Healthcare13% arts, food & hospitality
Home Value Growth⬆⬆⬆+43.0% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners80% of occupied units
NotableHighly Educated26% bachelor's · 18% graduate · top 16% nationally
NotableHigh Incomes$86k/year · top 28% nationally
Larrabee
IA

Frequently Asked Questions

What are today's mortgage rates in Larrabee?

As of today, the 30-year fixed mortgage rate for Larrabee is approximately 6.828% (6.862% 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 Larrabee?

The median home value in Larrabee is $203k. The median monthly rent is $1,011. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Larrabee?

Home values in Larrabee have increased 43.0% 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 Larrabee?

Based on a typical all-in ownership cost of $917/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $39k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Larrabee is $86k/year.

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What industries drive the economy in Larrabee?

The largest employment sectors in Larrabee are public administration (20%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.