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Tipton

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

Median Home$175,600
Median Rent$845/month
Population3,230
Leading IndustriesEducation · Wholesale Trade · Professional Services6% education
Home Value Growth⬆⬆+11.0% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners75% of occupied units
NotableAmenity Score75/100 · highly walkable area
NotableTransit84/100 · excellent transit access
Tipton
IA

Frequently Asked Questions

What are today's mortgage rates in Tipton?

As of today, the 30-year fixed mortgage rate for Tipton is approximately 6.998% (7.041% 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 Tipton?

The median home value in Tipton is $176k. The median monthly rent is $845. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Tipton?

Home values in Tipton have increased 11.0% 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 Tipton?

Based on a typical all-in ownership cost of $864/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Tipton is $63k/year.

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What industries drive the economy in Tipton?

The largest employment sectors in Tipton are public administration (22%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.