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Pella

Learn about the people, housing, costs and businesses in Pella, Iowa

Median Home$272,614
Median Rent$1,106/month
Population10,707
Leading IndustriesRetail · Public Administration24% retail
Home Value Growth⬆⬆+16.6% over 2 years
Young Adults36% of residentstop 5% nationally
Homeowners65% of occupied units
NotableHighly Educated30% hold a bachelor's degree · top 9% nationally
NotableAmenity Score67/100 · highly walkable area
Pella
IA

Frequently Asked Questions

What are today's mortgage rates in Pella?

As of today, the 30-year fixed mortgage rate for Pella is approximately 6.939% (6.977% 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 Pella?

The median home value in Pella is $273k. The median monthly rent is $1,106. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Pella?

Home values in Pella have increased 16.6% 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 Pella?

Based on a typical all-in ownership cost of $1,211/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $52k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Pella is $83k/year.

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What industries drive the economy in Pella?

The largest employment sectors in Pella are public administration (30%) and retail (24%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.