The typical owner-occupied home in Ricketts is worth about $41,700, 80% below the Iowa median of $208,000 and 87% below the national median of $332,700. Owners pay a median $583 a year in property taxes, about 1.40% of their home's value, close to the Iowa rate of 1.39%. 54% of occupied homes here are lived in by their owners, and 20% of those owners still have a mortgage.
Ricketts at a glance
| Ricketts | Iowa | U.S. | |
|---|---|---|---|
| Median home value | $41,700 | $208,000 | $332,700 |
| Median property tax paid per year | $583 | $2,897 | $3,119 |
| Property tax as a share of value | 1.40% | 1.39% | 0.94% |
| Median household income | – | $75,059 | $80,734 |
| Homes lived in by their owners | 54% | 72% | 65% |
| Owner homes with a mortgage | 20% | 59% | 61% |
| Median monthly costs, owners with a mortgage | $1,125 | $1,533 | $1,963 |
| Those costs as a share of the owners' income | 17.5% | 18.7% | 21.0% |
| Median rent | $693 | $972 | $1,413 |
| Rent as a share of renters' income | 11.7% | 27.4% | 30.6% |
| Median year homes were built | 1938 | 1972 | 1980 |
| Vacant homes | 17.9% | 8.5% | 10.1% |
| Population | 61 | 3,210,507 | 334,922,499 |
What a typical home costs per month in Ricketts
At this week's average 30-year rate of 7.11%, buying the median Ricketts home of $41,700 with 20% down costs about $290 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $360, 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 $12,447 for the 20%-down payment.
The median rent here is $693 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $8,340 |
|---|---|
| Loan amount | $33,360 |
| Principal and interest | $224 |
| Property taxes (1.40% a year) | $49 |
| Homeowners insurance (our estimate, 0.5% a year) | $17 |
| PMI | $0 |
| Total per month | $290 |
Change the numbers in the calculator
| Down payment | $1,460 |
|---|---|
| Loan amount | $40,945 |
| Principal and interest | $275 |
| Property taxes (1.40% a year) | $49 |
| Homeowners insurance (our estimate, 0.5% a year) | $17 |
| FHA mortgage insurance | $18 |
| Total per month | $360 |
Change the numbers in the calculator
Questions about home buying in Ricketts
What is the median home value in Ricketts?
About $41,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Ricketts?
Homeowners pay a median $583 a year, which is about 1.40% 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 Ricketts?
For the median home with 20% down at 7.11%, the payment is about $290 a month. Keeping that under 28% of gross income takes about $12,447 a year.
More about Ricketts
- Mortgage Refinance in Ricketts
- Debt Relief in Ricketts
- Home Equity Loans in Ricketts
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
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