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Modale

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

Median Home$191,500
Median Rent$869/month
Population254
Leading IndustriesConstruction · Agriculture & Mining · Information & Media13% construction
Home Value Growth⬆⬆+14.7% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners81% of occupied units
NotableHighly Educated23% hold a bachelor's degree · top 23% nationally
NotableHigh Incomes$91k/year · top 24% nationally
Modale
IA

Frequently Asked Questions

What are today's mortgage rates in Modale?

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

The median home value in Modale is $192k. The median monthly rent is $869. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Modale?

Home values in Modale have increased 14.7% 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 Modale?

Based on a typical all-in ownership cost of $975/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $42k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Modale is $91k/year.

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What industries drive the economy in Modale?

The largest employment sectors in Modale are public administration (23%) and agriculture and mining (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.