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Truro

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

Median Home$291,800
Median Rent$1,573/month
Population530
Leading IndustriesConstruction · Agriculture & Mining · Wholesale Trade10% construction
Home Value Growth⬆⬆⬆+27.4% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners87% of occupied units
NotableHigh Incomes$102k/year · top 16% nationally
NotableTransit80/100 · excellent transit access
Truro
IA

Frequently Asked Questions

What are today's mortgage rates in Truro?

As of today, the 30-year fixed mortgage rate for Truro is approximately 7.060% (7.101% 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 Truro?

The median home value in Truro is $292k. The median monthly rent is $1,573. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Truro?

Home values in Truro have increased 27.4% 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 Truro?

Based on a typical all-in ownership cost of $1,407/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $60k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Truro is $102k/year.

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What industries drive the economy in Truro?

The largest employment sectors in Truro are public administration (20%) and agriculture and mining (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.