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Laurens-Marathon Community

Learn about the people, housing, costs and businesses in Laurens-Marathon Community, Iowa

Median Home$88,504
Median Rent$761/month
Population2,046
Leading IndustriesRetail · Finance & Insurance · Construction22% retail
Home Value Growth⬆⬆⬆+36.5% over 2 years
Retirees24% of residentsabove average nationally
Homeowners78% of occupied units
NotableAffordable Market$89k median home · lower cost than 98% of the country
NotableVeteran Community9% of residents · top 15% nationally
Laurens-Marathon Community
IA

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Frequently Asked Questions

What are today's mortgage rates in Laurens-Marathon Community?

As of today, the 30-year fixed mortgage rate for Laurens-Marathon Community is approximately 7.013% (7.056% 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 Laurens-Marathon Community?

The median home value in Laurens-Marathon Community is $89k. The median monthly rent is $761. Annual property taxes average $992. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Laurens-Marathon Community?

Home values in Laurens-Marathon Community have increased 36.5% 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 Laurens-Marathon Community?

Based on a typical all-in ownership cost of $695/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Laurens-Marathon Community is $65k/year.

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What industries drive the economy in Laurens-Marathon Community?

The largest employment sectors in Laurens-Marathon Community are retail (22%) and public administration (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.