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Morning Sun Community

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

Median Home$169,785
Median Rent$875/month
Population5,879
Leading IndustriesTransportation · Manufacturing · Agriculture & Mining4% transportation
Home Value Growth⬆⬆+17.1% over 2 years
Retirees22% of residentsslightly above average
Homeowners87% of occupied units
NotableVeteran Community9% of residents · top 15% nationally
NotableAffordable Market$170k median home · lower cost than 75% of the country
Morning Sun 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 Morning Sun Community?

As of today, the 30-year fixed mortgage rate for Morning Sun Community is approximately 6.974% (7.013% 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 Morning Sun Community?

The median home value in Morning Sun Community is $170k. The median monthly rent is $875. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Morning Sun Community?

Home values in Morning Sun Community have increased 17.1% 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 Morning Sun Community?

Based on a typical all-in ownership cost of $753/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Morning Sun Community is $76k/year.

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What industries drive the economy in Morning Sun Community?

The largest employment sectors in Morning Sun Community are public administration (20%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.