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Salix

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

Median Home$227,300
Median Rent$838/month
Population292
Leading IndustriesEducation · Finance & Insurance · Information & Media4% education
Home Value Growth+8.2% over 2 years
Retirees69% of residentstop 1% nationally
Homeowners82% of occupied units
NotableVeteran Community16% of residents · top 1% nationally
NotableHigh Incomes$86k/year · top 29% nationally
Salix
IA

Frequently Asked Questions

What are today's mortgage rates in Salix?

As of today, the 30-year fixed mortgage rate for Salix is approximately 6.990% (7.029% 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 Salix?

The median home value in Salix is $227k. The median monthly rent is $838. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Salix?

Home values in Salix have increased 8.2% 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 Salix?

Based on a typical all-in ownership cost of $933/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 Salix is $86k/year.

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What industries drive the economy in Salix?

The largest employment sectors in Salix are public administration (18%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.