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Sloan

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

Median Home$227,300
Median Rent$838/month
Population1,032
Leading IndustriesProfessional Services · Public Administration · Arts, Food & Hospitality3% professional services
Home Value Growth+8.2% over 2 years
Retirees26% of residentsabove average nationally
Homeowners82% of occupied units
NotableHighly Educated26% bachelor's · 19% graduate · top 16% nationally
NotableHigh Incomes$86k/year · top 29% nationally
Sloan
IA

Frequently Asked Questions

What are today's mortgage rates in Sloan?

As of today, the 30-year fixed mortgage rate for Sloan is approximately 6.852% (6.886% 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 Sloan?

The median home value in Sloan 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 Sloan?

Home values in Sloan 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 Sloan?

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 Sloan is $86k/year.

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What industries drive the economy in Sloan?

The largest employment sectors in Sloan are public administration (30%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.