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Melcher-Dallas Community

Learn about the people, housing, costs and businesses in Melcher-Dallas Community, Iowa

Median Home$277,261
Median Rent$1,018/month
Population39,924
Leading IndustriesTransportation · Construction · Manufacturing3% transportation
Home Value Growth⬆⬆⬆+21.6% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners84% of occupied units
NotableHigh Incomes$100k/year · top 15% nationally
NotableHighly Educated22% hold a bachelor's degree · top 24% nationally
Melcher-Dallas Community
IA

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Frequently Asked Questions

What are today's mortgage rates in Melcher-Dallas Community?

As of today, the 30-year fixed mortgage rate for Melcher-Dallas Community is approximately 6.911% (6.948% 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 Melcher-Dallas Community
What is the median home price in Melcher-Dallas Community?

The median home value in Melcher-Dallas Community is $277k. The median monthly rent is $1,018. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Melcher-Dallas Community?

Home values in Melcher-Dallas Community have increased 21.6% 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 Melcher-Dallas Community?

Based on a typical all-in ownership cost of $1,289/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $55k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Melcher-Dallas Community is $100k/year.

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What industries drive the economy in Melcher-Dallas Community?

The largest employment sectors in Melcher-Dallas Community are public administration (25%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.