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Renwick

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

Median Home$132,400
Median Rent$942/month
Population220
Leading IndustriesFinance & Insurance · Professional Services · Information & Media11% finance & insurance
Home Value Growth⬆⬆⬆+40.1% over 2 years
Young Adults20% of residents
Homeowners89% of occupied units
Renwick
IA

Frequently Asked Questions

What are today's mortgage rates in Renwick?

As of today, the 30-year fixed mortgage rate for Renwick is approximately 6.887% (6.923% 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 Renwick?

The median home value in Renwick is $132k. The median monthly rent is $942. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Renwick?

Home values in Renwick have increased 40.1% 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 Renwick?

Based on a typical all-in ownership cost of $811/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Renwick is $67k/year.

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What industries drive the economy in Renwick?

The largest employment sectors in Renwick are public administration (20%) and information and media (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.