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Solon Community

Learn about the people, housing, costs and businesses in Solon Community, Iowa

Median Home$320,942
Median Rent$1,724/month
Population279,773
Leading IndustriesManufacturing · Arts, Food & Hospitality · Healthcare2% manufacturing
Home Value Growth⬆⬆+13.5% over 2 years
Family-Friendly25% of residentsabove average nationally
Homeowners77% of occupied units
NotableHigh Incomes$108k/year · top 10% nationally
NotableHighly Educated24% bachelor's · 11% graduate · top 17% nationally
Solon Community
IA

Frequently Asked Questions

What are today's mortgage rates in Solon Community?

As of today, the 30-year fixed mortgage rate for Solon Community is approximately 6.894% (6.930% 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 Solon Community?

The median home value in Solon Community is $321k. The median monthly rent is $1,724. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Solon Community?

Home values in Solon Community have increased 13.5% 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 Solon Community?

Based on a typical all-in ownership cost of $1,735/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $74k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Solon Community is $108k/year.

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What industries drive the economy in Solon Community?

The largest employment sectors in Solon Community are public administration (26%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.