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West Monona Community

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

Median Home$293,000
Median Rent$937/month
Population38,543
Leading IndustriesRetail · Wholesale Trade17% retail
Home Value Growth⬆⬆+16.0% over 2 years
Young Adults26% of residents
Homeowners79% of occupied units
NotableHigh Incomes$89k/year · top 26% nationally
NotableVeteran Community8% of residents · top 27% nationally
West Monona Community
IA

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in West Monona Community?

As of today, the 30-year fixed mortgage rate for West Monona Community is approximately 6.956% (6.994% 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 West Monona Community?

The median home value in West Monona Community is $293k. The median monthly rent is $937. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in West Monona Community?

Home values in West Monona Community have increased 16.0% 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 West Monona Community?

Based on a typical all-in ownership cost of $1,123/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $48k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in West Monona Community is $89k/year.

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What industries drive the economy in West Monona Community?

The largest employment sectors in West Monona Community are public administration (24%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.