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Marshalltown Community

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

Median Home$268,880
Median Rent$1,258/month
Population100,897
Leading IndustriesRetail · Education19% retail
Home Value Growth⬆⬆+15.4% over 2 years
Young Adults27% of residentsnear the national average
Homeowners77% of occupied units
NotableHigh Incomes$89k/year · top 25% nationally
NotableVeteran Community8% of residents · top 27% nationally
Marshalltown Community
IA

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Marshalltown Community?

As of today, the 30-year fixed mortgage rate for Marshalltown Community is approximately 6.954% (6.992% 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 Marshalltown Community?

The median home value in Marshalltown Community is $269k. The median monthly rent is $1,258. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Marshalltown Community?

Home values in Marshalltown Community have increased 15.4% 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 Marshalltown Community?

Based on a typical all-in ownership cost of $1,269/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $54k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Marshalltown Community is $89k/year.

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What industries drive the economy in Marshalltown Community?

The largest employment sectors in Marshalltown Community are public administration (21%) and retail (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.