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Rowan

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

Median Home$75,000
Median Rent$691/month
Population120
Leading IndustriesConstruction · Transportation · Agriculture & Mining14% construction
Home Value Growth⬆⬆+11.2% over 2 years
Family-Friendly30% of residentstop 4% nationally
Homeowners80% of occupied units
NotableAffordable Market$75k median home · lower cost than 98% of the country
NotableVeteran Community9% of residents · top 22% nationally
Rowan
IA

Frequently Asked Questions

What are today's mortgage rates in Rowan?

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

The median home value in Rowan is $75k. The median monthly rent is $691. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Rowan?

Home values in Rowan have increased 11.2% 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 Rowan?

Based on a typical all-in ownership cost of $686/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Rowan is $73k/year.

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What industries drive the economy in Rowan?

The largest employment sectors in Rowan are retail (18%) and agriculture and mining (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.