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Slater

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

Median Home$259,600
Median Rent$958/month
Population1,576
Leading IndustriesProfessional Services · Transportation · Education3% professional services
Home Value Growth+7.3% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners81% of occupied units
NotableHighly Educated36% hold a bachelor's degree · top 3% nationally
NotableHigh Incomes$98k/year · top 18% nationally
Slater
IA

Frequently Asked Questions

What are today's mortgage rates in Slater?

As of today, the 30-year fixed mortgage rate for Slater is approximately 6.972% (7.011% 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 Slater?

The median home value in Slater is $260k. The median monthly rent is $958. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Slater?

Home values in Slater have increased 7.3% 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 Slater?

Based on a typical all-in ownership cost of $1,226/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $53k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Slater is $98k/year.

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What industries drive the economy in Slater?

The largest employment sectors in Slater are public administration (23%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.