Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Storm Lake

Learn about the people, housing, costs and businesses in Storm Lake, Iowa

Median Home$172,497
Median Rent$904/month
Population11,512
Leading IndustriesRetail · Finance & Insurance · Information & Media17% retail
Home Value Growth⬆⬆+11.8% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners68% of occupied units
NotableAmenity Score70/100 · highly walkable area
Storm Lake
IA

Frequently Asked Questions

What are today's mortgage rates in Storm Lake?

As of today, the 30-year fixed mortgage rate for Storm Lake is approximately 6.883% (6.919% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Storm Lake
What is the median home price in Storm Lake?

The median home value in Storm Lake is $172k. The median monthly rent is $904. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Storm Lake?

Home values in Storm Lake have increased 11.8% 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 Storm Lake?

Based on a typical all-in ownership cost of $923/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 Storm Lake is $67k/year.

Calculate your buying power
What industries drive the economy in Storm Lake?

The largest employment sectors in Storm Lake are public administration (21%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.