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Reasnor

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

Median Home$237,900
Median Rent$828/month
Population148
Leading IndustriesProfessional Services · Finance & Insurance · Information & Media3% professional services
Home Value Growth⬆⬆⬆+22.4% over 2 years
Young Adults29% of residentsslightly above average
Homeowners85% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
NotableHigh Incomes$89k/year · top 26% nationally
Reasnor
IA

Frequently Asked Questions

What are today's mortgage rates in Reasnor?

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

The median home value in Reasnor is $238k. The median monthly rent is $828. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Reasnor?

Home values in Reasnor have increased 22.4% 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 Reasnor?

Based on a typical all-in ownership cost of $923/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Reasnor is $89k/year.

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What industries drive the economy in Reasnor?

The largest employment sectors in Reasnor are public administration (19%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.