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Mount Union

Learn about the people, housing, costs and businesses in Mount Union, Iowa

Median Home$160,366
Median Rent$808/month
Population124
Leading IndustriesPublic Administration · Retail · Wholesale Trade32% public administration
Home Value Growth+4.5% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners87% of occupied units
NotableAffordable Market$160k median home · lower cost than 69% of the country
Mount Union
IA

Frequently Asked Questions

What are today's mortgage rates in Mount Union?

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

The median home value in Mount Union is $160k. The median monthly rent is $808. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mount Union?

Home values in Mount Union have increased 4.5% over the past two years. This represents moderate growth. 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 Mount Union?

Based on a typical all-in ownership cost of $951/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mount Union is $74k/year.

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What industries drive the economy in Mount Union?

The largest employment sectors in Mount Union are public administration (32%) and retail (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.