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Newell-Fonda Community

Learn about the people, housing, costs and businesses in Newell-Fonda Community, Iowa

Median Home$877,383
Median Rent$1,950/month
Population8,508,757
Leading IndustriesProfessional Services · Education · Public Administration3% professional services
Home Value Growth+7.6% over 2 years
Young Adults32% of residentswell above average
Renters67% of occupied units
NotableHighly Educated23% bachelor's · 12% graduate · top 20% nationally
NotableHigh Incomes$90k/year · top 25% nationally
Newell-Fonda Community
IA

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Frequently Asked Questions

What are today's mortgage rates in Newell-Fonda Community?

As of today, the 30-year fixed mortgage rate for Newell-Fonda Community is approximately 6.814% (6.847% 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 Newell-Fonda Community?

The median home value in Newell-Fonda Community is $877k. The median monthly rent is $1,950. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Newell-Fonda Community?

Home values in Newell-Fonda Community have increased 7.6% 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 Newell-Fonda Community?

Based on a typical all-in ownership cost of $2,021/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $87k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Newell-Fonda Community is $90k/year.

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What industries drive the economy in Newell-Fonda Community?

The largest employment sectors in Newell-Fonda Community are public administration (30%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.