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Moravia Community

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

Median Home$369,055
Median Rent$1,000/month
Population24,954
Leading IndustriesProfessional Services · Manufacturing · Finance & Insurance3% professional services
Home Value Growth⬆⬆+14.3% over 2 years
Retirees22% of residentsslightly above average
Homeowners68% of occupied units
Moravia 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 Moravia Community?

As of today, the 30-year fixed mortgage rate for Moravia Community is approximately 7.077% (7.122% 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 Community?

The median home value in Moravia Community is $369k. The median monthly rent is $1,000. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Moravia Community?

Home values in Moravia Community have increased 14.3% 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 Community?

Based on a typical all-in ownership cost of $1,153/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $49k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Moravia Community is $76k/year.

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What industries drive the economy in Moravia Community?

The largest employment sectors in Moravia Community are public administration (24%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.