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New Providence

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

Median Home$109,500
Median Rent$700/month
Population236
Leading IndustriesEducation · Construction · Agriculture & Mining5% education
Home Value Growth+1.5% over 2 years
Retirees27% of residentsabove average nationally
Homeowners90% of occupied units
NotableAffordable Market$110k median home · lower cost than 89% of the country
New Providence
IA

Frequently Asked Questions

What are today's mortgage rates in New Providence?

As of today, the 30-year fixed mortgage rate for New Providence 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 New Providence?

The median home value in New Providence is $110k. The median monthly rent is $700. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New Providence?

Home values in New Providence have increased 1.5% over the past two years. The market has been relatively stable. 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 Providence?

Based on a typical all-in ownership cost of $707/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New Providence is $76k/year.

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What industries drive the economy in New Providence?

The largest employment sectors in New Providence are public administration (22%) and agriculture and mining (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.