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Mingo

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

Median Home$249,900
Median Rent$969/month
Population311
Leading IndustriesTransportation · Finance & Insurance · Information & Media6% transportation
Home Value Growth⬆⬆⬆+27.7% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners87% of occupied units
NotableHigh Incomes$102k/year · top 16% nationally
Mingo
IA

Frequently Asked Questions

What are today's mortgage rates in Mingo?

As of today, the 30-year fixed mortgage rate for Mingo 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 Mingo?

The median home value in Mingo is $250k. The median monthly rent is $969. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mingo?

Home values in Mingo have increased 27.7% 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 Mingo?

Based on a typical all-in ownership cost of $1,178/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $50k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mingo is $102k/year.

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What industries drive the economy in Mingo?

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