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New Hampton

Learn about the people, housing, costs and businesses in New Hampton, Iowa

Median Home$178,100
Median Rent$748/month
Population3,595
Leading IndustriesRetail · Construction · Transportation26% retail
Home Value Growth+6.4% over 2 years
Family-Friendly28% of residentswell above average
Homeowners72% of occupied units
NotableAmenity Score75/100 · highly walkable area
New Hampton
IA

Frequently Asked Questions

What are today's mortgage rates in New Hampton?

As of today, the 30-year fixed mortgage rate for New Hampton is approximately 6.989% (7.032% 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 New Hampton?

The median home value in New Hampton is $178k. The median monthly rent is $748. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New Hampton?

Home values in New Hampton have increased 6.4% 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 New Hampton?

Based on a typical all-in ownership cost of $760/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New Hampton is $64k/year.

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What industries drive the economy in New Hampton?

The largest employment sectors in New Hampton are retail (26%) and public administration (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.