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Millersburg

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

Median Home$144,700
Median Rent$665/month
Population128
Leading IndustriesConstruction · Education · Arts, Food & Hospitality4% construction
Home Value Growth⬆⬆⬆+24.0% over 2 years
Retirees29% of residentswell above average
Homeowners81% of occupied units
NotableVeteran Community16% of residents · top 1% nationally
NotableAffordable Market$145k median home · lower cost than 76% of the country
Millersburg
IA

Frequently Asked Questions

What are today's mortgage rates in Millersburg?

As of today, the 30-year fixed mortgage rate for Millersburg is approximately 6.978% (7.020% 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 Millersburg?

The median home value in Millersburg is $145k. The median monthly rent is $665. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Millersburg?

Home values in Millersburg have increased 24.0% 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 Millersburg?

Based on a typical all-in ownership cost of $783/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Millersburg is $70k/year.

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What industries drive the economy in Millersburg?

The largest employment sectors in Millersburg are public administration (20%) and healthcare (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.