Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Lenox Community

Learn about the people, housing, costs and businesses in Lenox Community, Iowa

Median Home$329,543
Median Rent$1,445/month
Population162,141
Leading IndustriesHealthcare · Arts, Food & Hospitality · Professional Services15% healthcare
Home Value Growth+7.8% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners66% of occupied units
NotableHighly Educated23% hold a bachelor's degree · top 20% nationally
NotableHigh Incomes$87k/year · top 30% nationally
Lenox Community
IA

Frequently Asked Questions

What are today's mortgage rates in Lenox Community?

As of today, the 30-year fixed mortgage rate for Lenox Community is approximately 6.883% (6.919% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Lenox Community
What is the median home price in Lenox Community?

The median home value in Lenox Community is $330k. The median monthly rent is $1,445. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lenox Community?

Home values in Lenox Community have increased 7.8% 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 Lenox Community?

Based on a typical all-in ownership cost of $1,542/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $66k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lenox Community is $87k/year.

Calculate your buying power
What industries drive the economy in Lenox Community?

The largest employment sectors in Lenox Community are public administration (22%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.