Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Lovilia

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

Median Home$142,900
Median Rent$808/month
Population442
Leading IndustriesEducation · Information & Media · Wholesale Trade4% education
Home Value Growth-1.3% over 2 years
Young Adults27% of residentsnear the national average
Homeowners86% of occupied units
NotableAffordable Market$143k median home · lower cost than 77% of the country
Lovilia
IA

Frequently Asked Questions

What are today's mortgage rates in Lovilia?

As of today, the 30-year fixed mortgage rate for Lovilia is approximately 7.032% (7.073% 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 Lovilia
What is the median home price in Lovilia?

The median home value in Lovilia is $143k. The median monthly rent is $808. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lovilia?

Home values in Lovilia have decreased 1.3% over the past two years. Buyers may find more negotiating room in this market. 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 Lovilia?

Based on a typical all-in ownership cost of $863/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 Lovilia is $66k/year.

Calculate your buying power
What industries drive the economy in Lovilia?

The largest employment sectors in Lovilia are retail (18%) and public administration (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.