The typical owner-occupied home in Remsen is worth about $185,900, 11% below the Iowa median of $208,000 and 44% below the national median of $332,700. Owners pay a median $2,052 a year in property taxes, about 1.10% of their home's value, lower than the Iowa rate of 1.39%. The median household earns $91,477 a year, so the median home costs 2.0 times the median income (2.8 times for Iowa). 79% of occupied homes here are lived in by their owners, and 54% of those owners still have a mortgage.
Remsen at a glance
| Remsen | Iowa | U.S. | |
|---|---|---|---|
| Median home value | $185,900 | $208,000 | $332,700 |
| Median property tax paid per year | $2,052 | $2,897 | $3,119 |
| Property tax as a share of value | 1.10% | 1.39% | 0.94% |
| Median household income | $91,477 | $75,059 | $80,734 |
| Homes lived in by their owners | 79% | 72% | 65% |
| Owner homes with a mortgage | 54% | 59% | 61% |
| Median monthly costs, owners with a mortgage | $1,443 | $1,533 | $1,963 |
| Those costs as a share of the owners' income | 17.0% | 18.7% | 21.0% |
| Median rent | $938 | $972 | $1,413 |
| Rent as a share of renters' income | 15.6% | 27.4% | 30.6% |
| Median year homes were built | 1956 | 1972 | 1980 |
| Vacant homes | 6.8% | 8.5% | 10.1% |
| Population | 1,823 | 3,210,507 | 334,922,499 |
What a typical home costs per month in Remsen
At this week's average 30-year rate of 7.11%, buying the median Remsen home of $185,900 with 20% down costs about $1,248 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,558, 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 $53,499 for the 20%-down payment. That payment is 16% of the median Remsen household income of $91,477; at that income and 20% down, the 28% guideline points to a home of about $318,000.
The median rent here is $938 a month, so owning the median home costs about $310 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $37,180 |
|---|---|
| Loan amount | $148,720 |
| Principal and interest | $1,000 |
| Property taxes (1.10% a year) | $170 |
| Homeowners insurance (our estimate, 0.5% a year) | $77 |
| PMI | $0 |
| Total per month | $1,248 |
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| Down payment | $6,506 |
|---|---|
| Loan amount | $182,533 |
| Principal and interest | $1,228 |
| Property taxes (1.10% a year) | $170 |
| Homeowners insurance (our estimate, 0.5% a year) | $77 |
| FHA mortgage insurance | $82 |
| Total per month | $1,558 |
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Questions about home buying in Remsen
What is the median home value in Remsen?
About $185,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Remsen?
Homeowners pay a median $2,052 a year, which is about 1.10% 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 Remsen?
For the median home with 20% down at 7.11%, the payment is about $1,248 a month. Keeping that under 28% of gross income takes about $53,499 a year.
More about Remsen
- Mortgage Refinance in Remsen
- Debt Relief in Remsen
- Home Equity Loans in Remsen
- 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