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Runnells

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

Median Home$291,400
Median Rent$785/month
Population466
Leading IndustriesEducation · Wholesale Trade3% education
Home Value Growth+5.4% over 2 years
Young Adults26% of residents
Homeowners88% of occupied units
NotableHigh Incomes$110k/year · top 12% nationally
NotableVeteran Community10% of residents · top 14% nationally
Runnells
IA

Frequently Asked Questions

What are today's mortgage rates in Runnells?

As of today, the 30-year fixed mortgage rate for Runnells is approximately 7.042% (7.083% 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 Runnells?

The median home value in Runnells is $291k. The median monthly rent is $785. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Runnells?

Home values in Runnells have increased 5.4% over the past two years. This represents moderate growth. 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 Runnells?

Based on a typical all-in ownership cost of $1,200/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $51k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Runnells is $110k/year.

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What industries drive the economy in Runnells?

The largest employment sectors in Runnells are public administration (25%) and wholesale trade (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.