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Moravia

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

Median Home$149,073
Median Rent$716/month
Population596
Leading IndustriesTransportation · Information & Media · Construction4% transportation
Home Value Growth⬆⬆+12.6% over 2 years
Retirees24% of residentsslightly above average
Homeowners79% of occupied units
NotableTransit80/100 · excellent transit access
NotableVeteran Community9% of residents · top 22% nationally
Moravia
IA

Frequently Asked Questions

What are today's mortgage rates in Moravia?

As of today, the 30-year fixed mortgage rate for Moravia is approximately 6.868% (6.903% 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 Moravia?

The median home value in Moravia is $149k. The median monthly rent is $716. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Moravia?

Home values in Moravia have increased 12.6% 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 Moravia?

Based on a typical all-in ownership cost of $862/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Moravia is $72k/year.

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What industries drive the economy in Moravia?

The largest employment sectors in Moravia are public administration (21%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.