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Home Mortgage Rates in Iowa

Women of Achievement Bridge in Downtown Des Moines, Iowa.

The state of Iowa, which sits in the middle of America on top of rich soil, is normally thought of as a land dedicated to farming.  What many people do not realize is that beyond farming, Iowa is a very dynamic state which boasts some rapidly growing cities which depend on many different industries including the farming, manufacturing, insurance, and healthcare. 

Because of the state’s overall healthy economy and low unemployment rate, Iowa has had one of the most stable real estate markets over the past five years.  Compared to other states, Iowa has very low levels of foreclosure and the overall housing prices across the state’s major metro areas have remained quite steady. 

Iowa Real Estate

The median sale prices in the state range widely by region.  The most expensive area in the state is Jackson County, which is near the Quad Cities and has an average for sale price of $300,000.  In several rural areas across the state, single family homes can often be found for under $75,000.  Overall, the most expensive areas of the state are near the Quad Cities and near Des Moines, IA. 

Overall, the state of Iowa has an average listing price of $177,360 and a median sales price of $150,500.  These figures are similar when compared to other Midwestern states such as Missouri, Kansas, Nebraska, and Kentucky.  Iowa’s median prices are less than the national average, which has a median sales price of just under $180,000.

Types of Mortgages Available

As of 2017 the conforming loan limit across the United States is set to $424,100, with a ceiling of 150% that amount in areas where median home values are higher. High local affordability makes the $424,100 ceiling apply statewide for single unit homes. Dual unit homes have a limit of $543,000, triple unit homes have a limit of $656,350 & quadruple unit homes have a limit of $815,650.

Since Iowa has not experienced a housing meltdown and mortgage crisis like other states, many mortgage lenders are more willing to lend to mortgage borrowers in Iowa than in other states.  Mortgage rates in Iowa are often slightly higher than those offered in other areas of the country.  The average mortgage rate in Iowa is about 4 basis points higher than the national average.  This is slightly attributed to the fact that many homes purchased are part of farming business, which increases the lenders risk.    

Like most states, the state of Iowa offers multiple mortgage products including 30-year fixed mortgages, 15-year fixed mortgage, and adjustable rate mortgages.  For the most part, in Iowa, the mortgage rate spread from one type of mortgage product to the next is similar to those spreads in other states.  A 30-year fixed rate mortgage normally has an interest rate 0.75% higher than a 15-year mortgage and 1% higher than an adjustable rate mortgage. 

Metropolitan Areas

IA Rank US Rank Metropolitan Area 2016 Pop 2010 Pop Change % △
1 59 Omaha-Council Bluffs, NE-IA Metro Area 924,129 865,350 58,779 6.79%
2 89 Des Moines-West Des Moines 634,725 569,633 65,092 11.43%
3 138 Davenport-Moline-Rock Island, IA-IL Metro Area 382,268 379,690 2,578 0.68%
4 179 Cedar Rapids 267,799 257,940 9,859 3.82%
5 247 Waterloo-Cedar Falls 170,015 167,819 2,196 1.31%
6 250 Sioux City, IA-NE-SD Metro Area 169,140 168,563 577 0.34%
7 251 Iowa City 168,828 152,586 16,242 10.64%
8 394 Ames 97,090 89,542 7,548 8.43%
9 396 Dubuque 97,003 93,653 3,350 3.58%
10 528 Fort Madison-Keokuk, IA-IL-MO Micro Area 59,846 62,105 -2,259 -3.64%
11 590 Mason City 50,642 51,749 -1,107 -2.14%
12 617 Clinton 47,309 49,116 -1,807 -3.68%
13 620 Burlington, IA-IL Micro Area 46,608 47,656 -1,048 -2.20%
14 657 Ottumwa 43,842 44,378 -536 -1.21%
15 664 Muscatine 42,940 42,745 195 0.46%
16 690 Marshalltown 40,312 40,648 -336 -0.83%
17 741 Fort Dodge 36,769 38,013 -1,244 -3.27%
18 744 Newton 36,708 36,842 -134 -0.36%
19 785 Pella 33,189 33,309 -120 -0.36%
20 848 Boone 26,532 26,306 226 0.86%
21 888 Oskaloosa 22,181 22,381 -200 -0.89%
22 903 Carroll 20,437 20,816 -379 -1.82%
23 905 Storm Lake 20,332 20,260 72 0.36%
24 915 Fairfield 18,090 16,843 1,247 7.40%
25 921 Spirit Lake 17,243 16,667 576 3.46%
26 925 Spencer 16,333 16,667 -334 -2.00%

Popular Cities

Des Moines.

The most populated city in the state of Iowa is Des Moines, which has just fewer than 200,000 residents.  Des Moines is the financial capital of the state and is headquarters of several major corporations including Principal Financial and the Meredith Corporation.  Several other major corporations including Wells Fargo, ING, and Nationwide Insurance, have major hubs in Des Moines.  Downtown Des Moines has been revitalized in recent years and many young professionals have moved into downtown condos to take advantage of the cities amenities.

The overall Des Moines metro area has grown considerably over the past few years.  The 5 county area which makes up the Des Moines metro area has grown from 481,000 residents in 2000 to 556,000 residents in 2008.  Much of this is due to urban sprawl as many homebuilders have developed communities in the Des Moines suburbs.  The median home price in Des Moines has remained steady throughout the nation’s housing turmoil.

Another popular and growing city in Iowa is Iowa City.  Iowa City is home to the University of Iowa, which brings in over 25,000 students each year as well as the state’s largest hospital.  Iowa City has undergone much development in recent years and is one of the state’s fastest growing towns.  Because of the growth, the median home price in Iowa City has actually increased since 2006.  Iowa City will continue to grow as new businesses expand into the area.

Some of populated areas within the state of Iowa include Cedar Rapids, which has a population of over 120,000 and the Quad Cities, which include Dubuque and Davenport. 

Centennial Bridge Across the Mississippi River, Connecting Rock Island, Illinois and Davenport, Iowa.

Iowa Census Data

As of July 1, 2016 the state of Iowa has an estimated population of 3,134,693 across 55,857.13 mi² yielding a population density of 56.12 people per mi² across the state.

The following table highlights the July 1, 2016 populations of cities & Census Designated Places (CDP) with over 1,000 residents based on United States Census Bureau estimates. For Census Designated Places (CDP) where there was no population estimate available for 2016 the 2011-2015 American Community Survey 5-Year Estimates data was used.

All table columns are sortable. Click on the column headers to sort by that column. Click again to sort low to high. Cities with higher levels of population growth typically see the increased demand drive faster real estate price appreciation.

Rank Geography County 2016 Pop 2010 Pop Change % △ Land mi² Pop Den mi²
1 Des Moines Polk & Warren 215,472 203,433 12,039 5.92% 80.87 2,664.42
2 Cedar Rapids Linn 131,127 126,326 4,801 3.80% 70.8 1,852.08
3 Davenport Scott 102,612 99,685 2,927 2.94% 62.95 1,630.06
4 Sioux City Woodbury & Plymouth 82,872 82,684 188 0.23% 57.35 1,445.02
5 Iowa City Johnson 74,398 67,862 6,536 9.63% 25.01 2,974.73
6 Waterloo Black Hawk 67,934 68,406 -472 -0.69% 61.39 1,106.60
7 Ames Story 66,191 58,965 7,226 12.25% 24.21 2,734.04
8 West Des Moines Polk, Dallas & Warren 64,560 56,609 7,951 14.05% 38.59 1,672.97
9 Council Bluffs Pottawattamie 62,524 62,230 294 0.47% 40.97 1,526.09
10 Ankeny Polk 58,627 45,582 13,045 28.62% 29.33 1,998.87
11 Dubuque Dubuque 58,531 57,637 894 1.55% 29.97 1,952.99
12 Urbandale Polk & Dallas 43,018 39,463 3,555 9.01% 21.92 1,962.50
13 Cedar Falls Black Hawk 41,390 39,260 2,130 5.43% 28.75 1,439.65
14 Marion Linn 38,480 34,768 3,712 10.68% 16.05 2,397.51
15 Bettendorf Scott 35,727 33,217 2,510 7.56% 21.22 1,683.65
16 Mason City Cerro Gordo 27,430 28,079 -649 -2.31% 27.81 986.34
17 Marshalltown Marshall 27,328 27,552 -224 -0.81% 19.28 1,417.43
18 Clinton Clinton 25,719 26,885 -1,166 -4.34% 35.15 731.69
19 Burlington Des Moines 25,277 25,663 -386 -1.50% 14.48 1,745.65
20 Ottumwa Wapello 24,487 25,023 -536 -2.14% 15.86 1,543.95
21 Fort Dodge Webster 24,441 25,206 -765 -3.03% 16.05 1,522.80
22 Muscatine Muscatine 23,914 22,886 1,028 4.49% 17.3 1,382.31
23 Johnston Polk 21,114 17,278 3,836 22.20% 17.16 1,230.42
24 Coralville Johnson 20,397 18,907 1,490 7.88% 12.01 1,698.33
25 Waukee Dallas 19,284 13,790 5,494 39.84% 12.97 1,486.82
26 North Liberty Johnson 18,520 13,374 5,146 38.48% 7.83 2,365.26
27 Altoona Polk 17,938 14,541 3,397 23.36% 9.35 1,918.50
28 Clive Polk & Dallas 17,546 15,447 2,099 13.59% 7.59 2,311.73
29 Indianola Warren 15,785 14,782 1,003 6.79% 11.25 1,403.11
30 Newton Jasper 15,034 15,254 -220 -1.44% 11.19 1,343.52
31 Boone Boone 12,611 12,661 -50 -0.39% 9.02 1,398.12
32 Grimes Polk & Dallas 11,909 8,246 3,663 44.42% 11.84 1,005.83
33 Oskaloosa Mahaska 11,523 11,463 60 0.52% 7.43 1,550.87
34 Spencer Clay 11,138 11,233 -95 -0.85% 11.01 1,011.63
35 Storm Lake Buena Vista 10,773 10,600 173 1.63% 4.08 2,640.44
36 Fort Madison Lee 10,597 11,051 -454 -4.11% 9.49 1,116.65
37 Norwalk Warren & Polk 10,590 8,945 1,645 18.39% 10.74 986.03
38 Keokuk Lee 10,431 10,780 -349 -3.24% 9.13 1,142.50
39 Pella Marion 10,255 10,352 -97 -0.94% 8.73 1,174.68
40 Fairfield Jefferson 10,206 9,464 742 7.84% 6.26 1,630.35
41 Waverly Bremer 10,093 9,874 219 2.22% 11.01 916.71
42 Carroll Carroll 9,947 10,103 -156 -1.54% 5.69 1,748.15
43 Le Mars Plymouth 9,935 9,826 109 1.11% 8.96 1,108.82
44 Pleasant Hill Polk 9,750 8,785 965 10.98% 9.15 1,065.57
45 Grinnell Poweshiek 9,151 9,218 -67 -0.73% 5.6 1,634.11
46 Mount Pleasant Henry 8,392 8,668 -276 -3.18% 8.51 986.13
47 Denison Crawford 8,308 8,298 10 0.12% 6.54 1,270.34
48 Decorah Winneshiek 7,918 8,127 -209 -2.57% 7.01 1,129.53
49 Creston Union 7,829 7,834 -5 -0.06% 5.19 1,508.48
50 Perry Dallas 7,810 7,702 108 1.40% 4.17 1,872.90
51 Webster City Hamilton 7,756 8,070 -314 -3.89% 8.86 875.40
52 Clear Lake Cerro Gordo 7,589 7,777 -188 -2.42% 10.8 702.69
53 Sioux Center Sioux 7,501 7,048 453 6.43% 6.31 1,188.75
54 Charles City Floyd 7,457 7,652 -195 -2.55% 6.22 1,198.87
55 Washington Washington 7,424 7,266 158 2.17% 4.92 1,508.94
56 Knoxville Marion 7,241 7,313 -72 -0.98% 4.63 1,563.93
57 Hiawatha Linn 7,212 7,024 188 2.68% 4.23 1,704.96
58 Nevada Story 6,805 6,798 7 0.10% 5.06 1,344.86
59 Atlantic Cass 6,659 7,112 -453 -6.37% 8.32 800.36
60 Eldridge Scott 6,297 5,651 646 11.43% 9.48 664.24
61 Orange City Sioux 6,179 6,004 175 2.91% 3.94 1,568.27
62 Oelwein Fayette 6,056 6,415 -359 -5.60% 4.81 1,259.04
63 Independence Buchanan 6,018 5,966 52 0.87% 6.08 989.80
64 Maquoketa Jackson & Clinton 5,979 6,141 -162 -2.64% 4.33 1,380.83
65 Estherville Emmet 5,942 6,360 -418 -6.57% 5.32 1,116.92
66 Bondurant Polk 5,796 3,860 1,936 50.16% 8.38 691.65
67 Algona Kossuth 5,515 5,560 -45 -0.81% 4.49 1,228.29
68 Red Oak Montgomery 5,476 5,742 -266 -4.63% 3.95 1,386.33
69 Asbury Dubuque 5,475 4,170 1,305 31.29% 2.66 2,058.27
70 Anamosa Jones 5,430 5,533 -103 -1.86% 2.6 2,088.46
71 Clarinda Page 5,385 5,572 -187 -3.36% 5.19 1,037.57
72 Centerville Appanoose 5,345 5,528 -183 -3.31% 4.86 1,099.79
73 Glenwood Mills 5,309 5,269 40 0.76% 2.95 1,799.66
74 Winterset Madison 5,271 5,190 81 1.56% 4.58 1,150.87
75 De Witt Clinton 5,233 5,322 -89 -1.67% 5.98 875.08
76 Vinton Benton 5,143 5,257 -114 -2.17% 4.74 1,085.02
77 Iowa Falls Hardin 5,128 5,238 -110 -2.10% 5.36 956.72
78 Sheldon O'Brien & Sioux 5,115 5,188 -73 -1.41% 4.5 1,136.67
79 Spirit Lake Dickinson 5,086 4,840 246 5.08% 4.63 1,098.49
80 Manchester Delaware 5,053 5,179 -126 -2.43% 4.68 1,079.70
81 Osceola Clarke 5,037 4,929 108 2.19% 6.48 777.31
82 Cherokee Cherokee 4,998 5,253 -255 -4.85% 6.43 777.29
83 Windsor Heights Polk 4,983 4,860 123 2.53% 1.41 3,534.04
84 Shenandoah Page & Fremont 4,972 5,150 -178 -3.46% 3.75 1,325.87
85 Harlan Shelby 4,932 5,106 -174 -3.41% 4.39 1,123.46
86 Evansdale Black Hawk 4,786 4,751 35 0.74% 4.05 1,181.73
87 Humboldt Humboldt 4,558 4,690 -132 -2.81% 4.64 982.33
88 Sergeant Bluff Woodbury 4,551 4,227 324 7.67% 2.11 2,156.87
89 Mount Vernon Linn 4,444 4,506 -62 -1.38% 3.49 1,273.35
90 Polk City Polk 4,428 3,418 1,010 29.55% 4.32 1,025.00
91 Camanche Clinton 4,325 4,448 -123 -2.77% 8.68 498.27
92 Adel Dallas 4,293 3,682 611 16.59% 3.27 1,312.84
93 Carlisle Warren & Polk 4,249 3,876 373 9.62% 5.56 764.21
94 Hampton Franklin 4,239 4,461 -222 -4.98% 4.43 956.88
95 Dyersville Dubuque & Delaware 4,196 4,058 138 3.40% 5.63 745.29
96 Chariton Lucas 4,191 4,321 -130 -3.01% 3.82 1,097.12
97 Jefferson Greene 4,169 4,345 -176 -4.05% 5.97 698.32
98 Forest City Winnebago & Hancock 4,013 4,151 -138 -3.32% 4.64 864.87
99 Le Claire Scott 3,974 3,765 209 5.55% 4.67 850.96
100 Monticello Jones 3,836 3,796 40 1.05% 6.29 609.86
101 Cresco Howard 3,808 3,868 -60 -1.55% 3.35 1,136.72
102 Albia Monroe 3,785 3,766 19 0.50% 3.19 1,186.52
103 Carter Lake Pottawattamie 3,784 3,785 -1 -0.03% 1.87 2,023.53
104 Emmetsburg Palo Alto 3,758 3,904 -146 -3.74% 3.81 986.35
105 Waukon Allamakee 3,733 3,897 -164 -4.21% 2.82 1,323.76
106 Rock Valley Sioux 3,730 3,354 376 11.21% 3.22 1,158.39
107 West Liberty Muscatine 3,721 3,736 -15 -0.40% 1.73 2,150.87
108 Osage Mitchell 3,624 3,619 5 0.14% 2.24 1,617.86
109 Huxley Story 3,604 3,317 287 8.65% 3.15 1,144.13
110 Robins Linn 3,535 3,142 393 12.51% 5.83 606.35
111 Eagle Grove Wright 3,427 3,583 -156 -4.35% 4.04 848.27
112 New Hampton Chickasaw 3,424 3,571 -147 -4.12% 3.16 1,083.54
113 Story City Story 3,410 3,431 -21 -0.61% 2.8 1,217.86
Saylorville CDP Polk 3,485 3,301 184 5.57% 7.04 495.03
114 Tipton Cedar 3,217 3,221 -4 -0.12% 2.09 1,539.23
115 Williamsburg Iowa 3,179 3,068 111 3.62% 3.74 850.00
116 Garner  Hancock 3,075 3,129 -54 -1.73% 2.05 1,500.00
117 Milford Dickinson 3,055 2,898 157 5.42% 2.28 1,339.91
118 Tiffin Johnson 3,006 1,947 1,059 54.39% 4.13 727.85
119 West Burlington Des Moines 2,945 2,968 -23 -0.77% 4.95 594.95
120 Onawa Monona 2,868 2,998 -130 -4.34% 5.19 552.60
121 Tama Tama 2,831 2,877 -46 -1.60% 3.26 868.40
122 Wilton Muscatine & Cedar 2,808 2,802 6 0.21% 1.95 1,440.00
123 Clarion Wright 2,765 2,850 -85 -2.98% 3.26 848.16
124 Grundy Center Grundy 2,686 2,706 -20 -0.74% 2.53 1,061.66
125 Jesup Buchanan & Black Hawk 2,667 2,520 147 5.83% 1.78 1,498.31
126 Missouri Valley Harrison 2,662 2,838 -176 -6.20% 3.13 850.48
127 Eldora Hardin 2,661 2,732 -71 -2.60% 4.33 614.55
128 Bloomfield Davis 2,643 2,640 3 0.11% 2.25 1,174.67
129 Sibley Osceola 2,622 2,798 -176 -6.29% 1.68 1,560.71
130 Madrid Boone 2,597 2,543 54 2.12% 1.19 2,182.35
131 Solon Johnson 2,587 2,037 550 27.00% 1.39 1,861.15
132 Fairfax Linn 2,563 2,123 440 20.73% 1.94 1,321.13
133 Rock Rapids Lyon 2,550 2,549 1 0.04% 3.96 643.94
134 Kalona Washington 2,534 2,363 171 7.24% 2.04 1,242.16
135 Hawarden Sioux 2,527 2,546 -19 -0.75% 2.89 874.39
136 Center Point Linn 2,524 2,421 103 4.25% 2.6 970.77
137 Marengo Iowa 2,491 2,528 -37 -1.46% 2.08 1,197.60
138 Belle Plaine Benton 2,454 2,534 -80 -3.16% 3.22 762.11
139 Mitchellville Polk & Jasper 2,405 2,254 151 6.70% 2.33 1,032.19
140 West Union Fayette 2,395 2,486 -91 -3.66% 2.78 861.51
Park View CDP Scott 2,438 2,389 49 2.05% 1.06 2,300.00
141 West Branch Cedar & Johnson 2,359 2,322 37 1.59% 3.19 739.50
142 Hudson Black Hawk 2,358 2,282 76 3.33% 8.4 280.71
143 Lamoni Decatur 2,354 2,324 30 1.29% 3.33 706.91
144 Belmond Wright 2,324 2,376 -52 -2.19% 2.85 815.44
145 Cascade Dubuque & Jones 2,281 2,159 122 5.65% 1.87 1,219.79
146 La Porte City Black Hawk 2,269 2,285 -16 -0.70% 2.55 889.80
147 Hull Sioux 2,266 2,175 91 4.18% 1.2 1,888.33
148 Lisbon Linn 2,208 2,152 56 2.60% 2.14 1,031.78
149 Toledo Tama 2,187 2,341 -154 -6.58% 2.3 950.87
150 Bellevue Jackson 2,177 2,191 -14 -0.64% 1.34 1,624.63
151 Ely Linn 2,150 1,776 374 21.06% 1.44 1,493.06
152 Rockwell City Calhoun 2,137 1,709 428 25.04% 4.21 507.60
153 Ida Grove Ida 2,121 2,142 -21 -0.98% 2.1 1,010.00
154 Postville Allamakee & Clayton 2,116 2,227 -111 -4.98% 2.11 1,002.84
155 Sac City Sac 2,105 2,220 -115 -5.18% 4.86 433.13
156 Lake Mills Winnebago 2,066 2,100 -34 -1.62% 2.7 765.19
157 Colfax Jasper 2,042 2,093 -51 -2.44% 1.79 1,140.78
158 Wapello Louisa 2,042 2,067 -25 -1.21% 1.29 1,582.95
159 Northwood Worth 2,000 1,989 11 0.55% 3.76 531.91
160 Sumner Bremer & Fayette 1,998 2,028 -30 -1.48% 2.52 792.86
161 Ogden Boone 1,996 2,044 -48 -2.35% 1.37 1,456.93
162 Sigourney Keokuk 1,987 2,059 -72 -3.50% 2.18 911.47
163 Audubon Audubon 1,970 2,176 -206 -9.47% 1.88 1,047.87
164 Britt Hancock 1,958 2,069 -111 -5.36% 1.26 1,553.97
165 Parkersburg Butler 1,952 1,870 82 4.39% 1.42 1,374.65
166 Epworth Dubuque 1,950 1,860 90 4.84% 1.56 1,250.00
167 Alta Buena Vista 1,933 1,883 50 2.66% 1.07 1,806.54
168 Leon Decatur 1,880 1,977 -97 -4.91% 3.17 593.06
169 New London Henry 1,863 1,897 -34 -1.79% 1.01 1,844.55
170 Columbus Junction Louisa 1,848 1,899 -51 -2.69% 2.19 843.84
171 Monroe Jasper 1,846 1,830 16 0.87% 1.69 1,092.31
172 Atkins Benton 1,846 1,670 176 10.54% 1.09 1,693.58
173 Greenfield Adair 1,843 1,982 -139 -7.01% 1.81 1,018.23
174 Denver Bremer 1,841 1,780 61 3.43% 1.64 1,122.56
175 Guttenberg Clayton 1,840 1,919 -79 -4.12% 2.09 880.38
176 Durant Cedar, Scott & Muscatine 1,823 1,832 -9 -0.49% 1.15 1,585.22
177 Dallas Center Dallas 1,746 1,623 123 7.58% 4.58 381.22
178 Prairie City Jasper 1,712 1,680 32 1.90% 1.2 1,426.67
179 Pocahontas Pocahontas 1,710 1,789 -79 -4.42% 2.02 846.53
180 Blue Grass Scott & Muscatine 1,699 1,452 247 17.01% 2.89 587.89
181 Farley Dubuque 1,688 1,537 151 9.82% 1.85 912.43
182 Lake City Calhoun 1,679 1,727 -48 -2.78% 4.81 349.06
183 Mount Ayr Ringgold 1,679 1,691 -12 -0.71% 2.67 628.84
184 Pleasantville Marion 1,669 1,694 -25 -1.48% 2.53 659.68
185 Peosta Dubuque 1,659 1,377 282 20.48% 1.97 842.13
186 Traer Tama 1,657 1,703 -46 -2.70% 1.18 1,404.24
187 Remsen Plymouth 1,650 1,663 -13 -0.78% 1.27 1,299.21
188 Walcott Scott & Muscatine 1,636 1,629 7 0.43% 3.47 471.47
189 Reinbeck Grundy 1,635 1,664 -29 -1.74% 1.82 898.35
190 Moville Woodbury 1,621 1,618 3 0.19% 0.89 1,821.35
191 Hartley O'Brien 1,618 1,672 -54 -3.23% 1.3 1,244.62
192 Manson Calhoun 1,614 1,690 -76 -4.50% 3.18 507.55
193 Nashua Chickasaw & Floyd 1,609 1,663 -54 -3.25% 2.88 558.68
194 Corydon Wayne 1,603 1,585 18 1.14% 1.39 1,153.24
195 Stuart Guthrie & Adair 1,589 1,648 -59 -3.58% 2.58 615.89
196 Mediapolis Des Moines 1,553 1,560 -7 -0.45% 1.2 1,294.17
197 Ackley Hardin & Franklin 1,546 1,589 -43 -2.71% 2.45 631.02
198 Avoca Pottawattamie 1,513 1,506 7 0.46% 2.13 710.33
199 Oakland Pottawattamie 1,509 1,527 -18 -1.18% 1.42 1,062.68
200 Guthrie Center Guthrie 1,507 1,569 -62 -3.95% 2.47 610.12
201 Slater Story 1,497 1,489 8 0.54% 1.26 1,188.10
202 Monona Clayton 1,493 1,549 -56 -3.62% 1.17 1,276.07
203 Corning Adams 1,486 1,635 -149 -9.11% 1.58 940.51
204 Fayette Fayette 1,477 1,338 139 10.39% 1.48 997.97
205 Urbana Benton 1,469 1,458 11 0.75% 2.2 667.73
206 Akron Plymouth 1,465 1,486 -21 -1.41% 1.22 1,200.82
207 Woodward Dallas 1,461 1,024 437 42.68% 2.46 593.90
208 Walford Benton & Linn 1,459 1,463 -4 -0.27% 1.11 1,314.41
209 Manning Carroll 1,455 1,500 -45 -3.00% 2.49 584.34
210 Logan Harrison 1,454 1,534 -80 -5.22% 1 1,454.00
211 State Center Marshall 1,452 1,468 -16 -1.09% 0.98 1,481.63
212 Kingsley Plymouth 1,427 1,411 16 1.13% 1.61 886.34
213 Montezuma Poweshiek 1,424 1,462 -38 -2.60% 2.48 574.19
214 Wellman Washington 1,424 1,408 16 1.14% 1.14 1,249.12
215 Brooklyn Poweshiek 1,413 1,468 -55 -3.75% 1.23 1,148.78
216 Woodbine Harrison 1,412 1,459 -47 -3.22% 1.28 1,103.13
217 Bedford Taylor 1,410 1,440 -30 -2.08% 1.6 881.25
218 Lenox Taylor & Adams 1,407 1,407 0 0.00% 1.98 710.61
219 Granger Dallas & Polk 1,402 1,244 158 12.70% 1.45 966.90
220 Earlham Madison 1,397 1,450 -53 -3.66% 0.97 1,440.21
221 Sanborn O'Brien 1,396 1,404 -8 -0.57% 1.9 734.74
222 Clarksville Butler 1,392 1,439 -47 -3.27% 1.33 1,046.62
223 Holstein Ida 1,389 1,396 -7 -0.50% 1.49 932.21
224 Lone Tree Johnson 1,388 1,300 88 6.77% 1.04 1,334.62
225 Nora Springs Floyd & Cerro Gordo 1,379 1,431 -52 -3.63% 2.19 629.68
226 Dysart Tama 1,355 1,379 -24 -1.74% 1.25 1,084.00
227 Tripoli Bremer 1,340 1,313 27 2.06% 1.41 950.35
228 Shell Rock Butler 1,313 1,296 17 1.31% 1.56 841.67
229 Maharishi Vedic City Jefferson 1,310 1,294 16 1.24% 3.36 389.88
Lake Panorama CDP Guthrie 1,097 1,309 -212 -16.20% 6.62 165.71
230 Manly Worth 1,305 1,323 -18 -1.36% 1.47 887.76
231 Roland Story 1,297 1,284 13 1.01% 1.08 1,200.93
232 Buffalo Scott 1,294 1,270 24 1.89% 6.45 200.62
233 New Sharon Mahaska 1,287 1,293 -6 -0.46% 0.94 1,369.15
234 Dike Grundy 1,280 1,209 71 5.87% 1.39 920.86
235 Central City Linn 1,276 1,257 19 1.51% 0.95 1,343.16
236 Alton Sioux 1,271 1,216 55 4.52% 1.85 687.03
237 Coon Rapids Carroll & Guthrie 1,261 1,305 -44 -3.37% 1.78 708.43
238 Arnolds Park Dickinson 1,256 1,126 130 11.55% 1.57 800.00
239 Melcher-Dallas Marion 1,254 1,288 -34 -2.64% 1 1,254.00
240 Strawberry Point Clayton 1,227 1,279 -52 -4.07% 2.11 581.52
241 Elkader Clayton 1,213 1,273 -60 -4.71% 1.39 872.66
242 Mapleton Monona 1,199 1,224 -25 -2.04% 1.6 749.38
243 Villisca Montgomery 1,182 1,252 -70 -5.59% 1.9 622.11
244 Jewell Junction Hamilton 1,176 1,215 -39 -3.21% 3.87 303.88
245 Laurens Pocahontas 1,160 1,258 -98 -7.79% 0.73 1,589.04
246 St. Ansgar Mitchell 1,150 1,107 43 3.88% 1.03 1,116.50
247 Lake Park Dickinson 1,138 1,105 33 2.99% 1.55 734.19
248 Springville Linn 1,135 1,074 61 5.68% 0.72 1,576.39
249 Elk Run Heights Black Hawk 1,129 1,117 12 1.07% 1.06 1,065.09
250 Gilbert Story 1,126 1,082 44 4.07% 0.91 1,237.36
251 Sheffield Franklin 1,125 1,172 -47 -4.01% 5.55 202.70
252 Winfield Henry 1,125 1,134 -9 -0.79% 1.05 1,071.43
253 Glidden Carroll 1,121 1,146 -25 -2.18% 1.11 1,009.91
254 Mechanicsville Cedar 1,120 1,146 -26 -2.27% 0.83 1,349.40
255 Van Meter Dallas 1,119 1,016 103 10.14% 1.28 874.22
256 Fairbank Buchanan & Fayette 1,114 1,113 1 0.09% 0.71 1,569.01
257 Lake View Sac 1,111 1,142 -31 -2.71% 2.11 526.54
258 Baxter Jasper 1,110 1,101 9 0.82% 0.65 1,707.69
259 Greene Butler & Floyd 1,103 1,130 -27 -2.39% 1.14 967.54
260 University Heights Johnson 1,089 1,051 38 3.62% 0.27 4,033.33
261 Hamburg Fremont 1,087 1,187 -100 -8.42% 1.1 988.18
262 Conrad Grundy 1,086 1,108 -22 -1.99% 1.2 905.00
263 Malvern Mills 1,084 1,142 -58 -5.08% 1.19 910.92
264 Palo Linn 1,077 1,026 51 4.97% 1.43 753.15
265 Aplington Butler 1,068 1,128 -60 -5.32% 0.83 1,286.75
266 George Lyon 1,068 1,080 -12 -1.11% 2.4 445.00
267 Panora Guthrie 1,066 1,124 -58 -5.16% 1.8 592.22
268 Marcus Cherokee 1,065 1,117 -52 -4.66% 1.54 691.56
269 Sidney Fremont 1,048 1,138 -90 -7.91% 1.38 759.42
270 De Soto Dallas 1,041 1,050 -9 -0.86% 1.52 684.87
271 Riverside Washington 1,039 993 46 4.63% 1.72 604.07
272 North English Iowa & Keokuk 1,022 1,041 -19 -1.83% 0.55 1,858.18
273 Paullina O'Brien 1,017 1,056 -39 -3.69% 0.85 1,196.47
274 Allison Butler 1,013 1,029 -16 -1.55% 2.93 345.73
275 Rockwell Cerro Gordo 1,012 1,039 -27 -2.60% 2.98 339.60
276 Eddyville Wapello, Mahaska & Monroe 1,005 1,024 -19 -1.86% 1.18 851.69

Annual Estimates of the Resident Population: April 1, 2010 to July 1, 2016
Source: U.S. Census Bureau, Population Division
Release Date: May 2017.

Iowa Employment

Overall, the state of Iowa has just over 3 million residents, making it the 30th most populated state in the country.  The largest employment sectors in Iowa are agriculture and manufacturing.  Much of Iowa’s land is dedicated to fields for farming and raising pork.  The largest agricultural outputs in Iowa are pork, eggs, corn, soybeans, oats, and cattle.

While Iowa’s manufacturing industry is the state’s largest industry, it is quite reliant on the agriculture business.  16% of Iowa’s workforce is dedicated to manufacturing, which largely includes food processing of foods grown in the state. 

Eagle Point Park, Dubuque, Iowa.

Natural Disasters

Flood Insurance

Homeowner's insurance policies typically do not cover flooding. Most of the state of Iowa is considered to have a very low flooding risk. Counties with relatively elevated risks are listed below.

  • low risk: Buchanan, Cerro Gordo, Dallas, Des Moines, Dubuque, Hamilton, Linn, Louisa, Story, Webster
  • moderate risk: Black Hawk, Boone, Bremer, Cass, Cedar, Chickasaw, Clayton, Clinton, Harrison, Jones, Lee, Monona, Muscatine, Pottawattamie
  • high risk: Butler, Delaware, Floyd

Home buyers with mortgages in high-risk areas are required to buy flood insurance. Most flood insurance policies are sold by the United States federal government through The National Flood Insurance Program. Under-priced flood insurance in high-risk areas act as a subsidy to wealthy homeowners.

The NFIP does not charge nearly enough to cover the expected costs of its liabilities. The assessments are not sufficient to build any buffer to cover an extraordinary year, such as what occurred with Hurricane Katrina in 2005 or Hurricane Sandy in 2012. Because homeowners don€™t incur the full cost of building in a flood zone we end up with more houses there than if homeowners incurred the full cost of the flood risk, which exacerbates the government€™s costs in the next disaster.

Homeowners who live in lower risk areas & are not required to purchase flood insurance heavily cross-subsidize homeowners who are in areas where floods are more common.

Tornadoes

Most of the state is considered to have a moderate to high tornado risk. A basic homeowners policy should cover financial damages from tornadoes.

Hail

Hail damage is exceptionally common across the state. Damage from hail is typically covered by home insurance policies.

Foreclosure Process

The foreclosure process in the state of Iowa is more beneficial towards homeowners than other states.  Lenders are required to use a judicial foreclosure process, which means the whole process is overseen by a judge and the homeowner has the right to re-pay the balance due and end the process at any time prior to order of sale.

The foreclosure process in Iowa is a long one.  It takes up to 160 days for the lender to process all necessary documents and in the event the home is foreclosed and re-sold, the homeowner has a right of redemption for up to a full year.  Under this right, the homeowner has the right to purchase back their home from someone who purchases it through foreclosure.  Because of the long judicial foreclosure process and right of redemption, foreclosures are more difficult for lender in Iowa than in other states.

Because of the long lasting and beneficial foreclosure process, the state of Iowa has one of the lowest foreclosure rates in the country.  According to 2009 data, Iowa has a foreclosure rate of just 1 in every 2,138 homes, which gives Iowa the 43rd highest foreclosure rate in the country.  Iowa homeowners have also benefited because, unlike many other states, their state’s housing prices did not inflate dramatically in 2005 and 2006.  This prevented a real estate bubble from bursting. 

The state of Iowa also has full recourse mortgage which means that if the homeowner defaults on the home and the lender forecloses, the borrower may still be liable for the amount due to the lender.  If the lender writes off the remaining balance owed, the borrower may have report the amount written off as income and pay taxes on that amount.