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MFL MarMac Community

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

Median Home$412,731
Median Rent$1,745/month
Population156,412
Leading IndustriesArts, Food & Hospitality · Healthcare · Transportation9% arts, food & hospitality
Home Value Growth⬆⬆+19.7% over 2 years
Young Adults26% of residents
Homeowners72% of occupied units
NotableHigh Incomes$111k/year · top 9% nationally
NotableHighly Educated23% bachelor's · 11% graduate · top 20% nationally
MFL MarMac Community
IA

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Frequently Asked Questions

What are today's mortgage rates in MFL MarMac Community?

As of today, the 30-year fixed mortgage rate for MFL MarMac Community is approximately 6.867% (6.902% 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 MFL MarMac Community?

The median home value in MFL MarMac Community is $413k. The median monthly rent is $1,745. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in MFL MarMac Community?

Home values in MFL MarMac Community have increased 19.7% 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 MFL MarMac Community?

Based on a typical all-in ownership cost of $2,012/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $86k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in MFL MarMac Community is $111k/year.

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What industries drive the economy in MFL MarMac Community?

The largest employment sectors in MFL MarMac Community are public administration (24%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.