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Shell Rock

Learn about the people, housing, costs and businesses in Shell Rock, Iowa

Median Home$180,737
Median Rent$936/month
Population1,331
Leading IndustriesProfessional Services · Retail · Transportation3% professional services
Home Value Growth⬆⬆⬆+22.5% over 2 years
Young Adults24% of residents
Homeowners86% of occupied units
NotableHighly Educated24% bachelor's · 12% graduate · top 21% nationally
NotableHigh Incomes$89k/year · top 25% nationally
Shell Rock
IA

Frequently Asked Questions

What are today's mortgage rates in Shell Rock?

As of today, the 30-year fixed mortgage rate for Shell Rock is approximately 6.968% (7.010% 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 Shell Rock?

The median home value in Shell Rock is $181k. The median monthly rent is $936. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Shell Rock?

Home values in Shell Rock have increased 22.5% 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 Shell Rock?

Based on a typical all-in ownership cost of $966/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Shell Rock is $89k/year.

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What industries drive the economy in Shell Rock?

The largest employment sectors in Shell Rock are public administration (24%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.