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Montezuma Community

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

Median Home$211,453
Median Rent$840/month
Population3,140
Leading IndustriesEducation · Manufacturing · Public Administration4% education
Home Value Growth⬆⬆+14.8% over 2 years
Retirees29% of residentstop 4% nationally
Homeowners74% of occupied units
NotableVeteran Community8% of residents · top 27% nationally
Montezuma Community
IA

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Montezuma Community?

As of today, the 30-year fixed mortgage rate for Montezuma Community is approximately 6.984% (7.026% 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 Montezuma Community?

The median home value in Montezuma Community is $211k. The median monthly rent is $840. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Montezuma Community?

Home values in Montezuma Community have increased 14.8% 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 Montezuma Community?

Based on a typical all-in ownership cost of $1,022/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $44k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Montezuma Community is $73k/year.

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What industries drive the economy in Montezuma Community?

The largest employment sectors in Montezuma Community are public administration (27%) and wholesale trade (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.