Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Pomeroy

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

Median Home$87,000
Median Rent$768/month
Population505
Leading IndustriesConstruction · Public Administration · Agriculture & Mining10% construction
Home Value Growth⬆⬆⬆+47.0% over 2 years
Retirees24% of residentsslightly above average
Homeowners79% of occupied units
NotableAffordable Market$87k median home · lower cost than 96% of the country
Pomeroy
IA

Frequently Asked Questions

What are today's mortgage rates in Pomeroy?

As of today, the 30-year fixed mortgage rate for Pomeroy 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.

View current rates for Pomeroy
What is the median home price in Pomeroy?

The median home value in Pomeroy is $87k. The median monthly rent is $768. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Pomeroy?

Home values in Pomeroy have increased 47.0% 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 Pomeroy?

Based on a typical all-in ownership cost of $656/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $28k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Pomeroy is $54k/year.

Calculate your buying power
What industries drive the economy in Pomeroy?

The largest employment sectors in Pomeroy are public administration (30%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.