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Marcus-Meriden-Cleghorn Community

Learn about the people, housing, costs and businesses in Marcus-Meriden-Cleghorn Community, Iowa

Median Home$463,730
Median Rent$1,621/month
Population101,990
Leading IndustriesProfessional Services · Public Administration · Arts, Food & Hospitality3% professional services
Home Value Growth⬆⬆+16.3% over 2 years
Young Adults28% of residentsnear the national average
Homeowners86% of occupied units
NotableHigh Incomes$127k/year · top 4% nationally
NotableHighly Educated24% bachelor's · 14% graduate · top 17% nationally
Marcus-Meriden-Cleghorn Community
IA

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Frequently Asked Questions

What are today's mortgage rates in Marcus-Meriden-Cleghorn Community?

As of today, the 30-year fixed mortgage rate for Marcus-Meriden-Cleghorn Community is approximately 6.842% (6.876% 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 Marcus-Meriden-Cleghorn Community?

The median home value in Marcus-Meriden-Cleghorn Community is $464k. The median monthly rent is $1,621. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Marcus-Meriden-Cleghorn Community?

Home values in Marcus-Meriden-Cleghorn Community have increased 16.3% 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 Marcus-Meriden-Cleghorn Community?

Based on a typical all-in ownership cost of $2,036/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $87k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Marcus-Meriden-Cleghorn Community is $127k/year.

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What industries drive the economy in Marcus-Meriden-Cleghorn Community?

The largest employment sectors in Marcus-Meriden-Cleghorn Community are public administration (27%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.