Appanoose County, IA real estate

What the numbers say

Appanoose County, IA real estate at a glance

By AstroCore · Realtor.com, US Census and Freddie Mac data

Homeowners in Appanoose County pay a median of $1,667 a year in property taxes on a median home value of $124,200, an effective rate of about 1.34%. The Iowa average is 1.39%, which makes Appanoose County the #55 lowest-tax of 99 counties in the state with published tax data.

Renters pay a median of $784 a month, and $800 for a two-bedroom. At today's prices a typical home costs about 13 times a year's rent, which generally favors buying.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $124,000 home here comes to about $868 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $37,000 a year (the median household here earns $54,934).