The typical owner-occupied home in Hartford is worth about $176,700, 15% below the Iowa median of $208,000 and 47% below the national median of $332,700. Owners pay a median $2,158 a year in property taxes, about 1.22% of their home's value, lower than the Iowa rate of 1.39%. The median household earns $70,000 a year, so the median home costs 2.5 times the median income (2.8 times for Iowa). 95% of occupied homes here are lived in by their owners, and 60% of those owners still have a mortgage.
Hartford at a glance
| Hartford | Iowa | U.S. | |
|---|---|---|---|
| Median home value | $176,700 | $208,000 | $332,700 |
| Median property tax paid per year | $2,158 | $2,897 | $3,119 |
| Property tax as a share of value | 1.22% | 1.39% | 0.94% |
| Median household income | $70,000 | $75,059 | $80,734 |
| Homes lived in by their owners | 95% | 72% | 65% |
| Owner homes with a mortgage | 60% | 59% | 61% |
| Median monthly costs, owners with a mortgage | $1,366 | $1,533 | $1,963 |
| Those costs as a share of the owners' income | 22.8% | 18.7% | 21.0% |
| Median rent | $1,167 | $972 | $1,413 |
| Rent as a share of renters' income | 30.7% | 27.4% | 30.6% |
| Median year homes were built | 1972 | 1972 | 1980 |
| Vacant homes | 7.9% | 8.5% | 10.1% |
| Population | 760 | 3,210,507 | 334,922,499 |
What a typical home costs per month in Hartford
At this week's average 30-year rate of 7.11%, buying the median Hartford home of $176,700 with 20% down costs about $1,204 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,499, 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 $51,609 for the 20%-down payment. That payment is 21% of the median Hartford household income of $70,000; at that income and 20% down, the 28% guideline points to a home of about $240,000.
The median rent here is $1,167 a month, so owning the median home costs about $37 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $35,340 |
|---|---|
| Loan amount | $141,360 |
| Principal and interest | $951 |
| Property taxes (1.22% a year) | $180 |
| Homeowners insurance (our estimate, 0.5% a year) | $74 |
| PMI | $0 |
| Total per month | $1,204 |
Change the numbers in the calculator
| Down payment | $6,184 |
|---|---|
| Loan amount | $173,500 |
| Principal and interest | $1,167 |
| Property taxes (1.22% a year) | $180 |
| Homeowners insurance (our estimate, 0.5% a year) | $74 |
| FHA mortgage insurance | $78 |
| Total per month | $1,499 |
Change the numbers in the calculator
Questions about home buying in Hartford
What is the median home value in Hartford?
About $176,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Hartford?
Homeowners pay a median $2,158 a year, which is about 1.22% 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 Hartford?
For the median home with 20% down at 7.11%, the payment is about $1,204 a month. Keeping that under 28% of gross income takes about $51,609 a year.
More about Hartford
- Mortgage Refinance in Hartford
- Debt Relief in Hartford
- Home Equity Loans in Hartford
- 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