The typical owner-occupied home in Havelock is worth about $23,800, 89% below the Iowa median of $208,000 and 93% below the national median of $332,700. Owners pay a median $400 a year in property taxes, about 1.68% of their home's value, higher than the Iowa rate of 1.39%. The median household earns $63,229 a year, so the median home costs 0.4 times the median income (2.8 times for Iowa). 70% of occupied homes here are lived in by their owners, and 28% of those owners still have a mortgage.
Havelock at a glance
| Havelock | Iowa | U.S. | |
|---|---|---|---|
| Median home value | $23,800 | $208,000 | $332,700 |
| Median property tax paid per year | $400 | $2,897 | $3,119 |
| Property tax as a share of value | 1.68% | 1.39% | 0.94% |
| Median household income | $63,229 | $75,059 | $80,734 |
| Homes lived in by their owners | 70% | 72% | 65% |
| Owner homes with a mortgage | 28% | 59% | 61% |
| Median monthly costs, owners with a mortgage | $570 | $1,533 | $1,963 |
| Those costs as a share of the owners' income | 17.5% | 18.7% | 21.0% |
| Median rent | $625 | $972 | $1,413 |
| Rent as a share of renters' income | 19.6% | 27.4% | 30.6% |
| Median year homes were built | 1951 | 1972 | 1980 |
| Vacant homes | 27.6% | 8.5% | 10.1% |
| Population | 162 | 3,210,507 | 334,922,499 |
What a typical home costs per month in Havelock
At this week's average 30-year rate of 7.11%, buying the median Havelock home of $23,800 with 20% down costs about $171 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $211, 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 $7,342 for the 20%-down payment. That payment is 3% of the median Havelock household income of $63,229; at that income and 20% down, the 28% guideline points to a home of about $205,000.
The median rent here is $625 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $4,760 |
|---|---|
| Loan amount | $19,040 |
| Principal and interest | $128 |
| Property taxes (1.68% a year) | $33 |
| Homeowners insurance (our estimate, 0.5% a year) | $10 |
| PMI | $0 |
| Total per month | $171 |
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| Down payment | $833 |
|---|---|
| Loan amount | $23,369 |
| Principal and interest | $157 |
| Property taxes (1.68% a year) | $33 |
| Homeowners insurance (our estimate, 0.5% a year) | $10 |
| FHA mortgage insurance | $11 |
| Total per month | $211 |
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Questions about home buying in Havelock
What is the median home value in Havelock?
About $23,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Havelock?
Homeowners pay a median $400 a year, which is about 1.68% 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 Havelock?
For the median home with 20% down at 7.11%, the payment is about $171 a month. Keeping that under 28% of gross income takes about $7,342 a year.
More about Havelock
- Mortgage Refinance in Havelock
- Debt Relief in Havelock
- Home Equity Loans in Havelock
- 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