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Buying a home in Hazleton, Iowa

The typical owner-occupied home in Hazleton is worth about $85,900, 59% below the Iowa median of $208,000 and 74% below the national median of $332,700. Owners pay a median $1,181 a year in property taxes, about 1.37% of their home's value, close to the Iowa rate of 1.39%. The median household earns $51,964 a year, so the median home costs 1.7 times the median income (2.8 times for Iowa). 81% of occupied homes here are lived in by their owners, and 49% of those owners still have a mortgage.

Hazleton at a glance

Hazleton Iowa U.S.
Median home value $85,900 $208,000 $332,700
Median property tax paid per year $1,181 $2,897 $3,119
Property tax as a share of value 1.37% 1.39% 0.94%
Median household income $51,964 $75,059 $80,734
Homes lived in by their owners 81% 72% 65%
Owner homes with a mortgage 49% 59% 61%
Median monthly costs, owners with a mortgage $1,125 $1,533 $1,963
Those costs as a share of the owners' income 19.6% 18.7% 21.0%
Median rent $794 $972 $1,413
Rent as a share of renters' income 33.1% 27.4% 30.6%
Median year homes were built 1978 1972 1980
Vacant homes 17.7% 8.5% 10.1%
Population 720 3,210,507 334,922,499

What a typical home costs per month in Hazleton

At this week's average 30-year rate of 7.11%, buying the median Hazleton home of $85,900 with 20% down costs about $596 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $739, because the loan is bigger and FHA adds mortgage insurance.

Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $25,549 for the 20%-down payment. That payment is 14% of the median Hazleton household income of $51,964; at that income and 20% down, the 28% guideline points to a home of about $175,000.

The median rent here is $794 a month, a little more than the monthly cost of owning the median home with 20% down.

20% down, 30-year conventional loan
Down payment$17,180
Loan amount$68,720
Principal and interest$462
Property taxes (1.37% a year)$98
Homeowners insurance (our estimate, 0.5% a year)$36
PMI$0
Total per month$596

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3.5% down, 30-year FHA loan
Down payment$3,006
Loan amount$84,344
Principal and interest$567
Property taxes (1.37% a year)$98
Homeowners insurance (our estimate, 0.5% a year)$36
FHA mortgage insurance$38
Total per month$739

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Questions about home buying in Hazleton

What is the median home value in Hazleton?

About $85,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.

How much are property taxes in Hazleton?

Homeowners pay a median $1,181 a year, which is about 1.37% of the median home value. Your bill depends on your home's assessed value and local rates.

What income do you need to buy a home in Hazleton?

For the median home with 20% down at 7.11%, the payment is about $596 a month. Keeping that under 28% of gross income takes about $25,549 a year.

More about Hazleton

Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data