The typical owner-occupied home in Hornick is worth about $113,300, 46% below the Iowa median of $208,000 and 66% below the national median of $332,700. Owners pay a median $1,330 a year in property taxes, about 1.17% of their home's value, lower than the Iowa rate of 1.39%. The median household earns $85,938 a year, so the median home costs 1.3 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.
Hornick at a glance
| Hornick | Iowa | U.S. | |
|---|---|---|---|
| Median home value | $113,300 | $208,000 | $332,700 |
| Median property tax paid per year | $1,330 | $2,897 | $3,119 |
| Property tax as a share of value | 1.17% | 1.39% | 0.94% |
| Median household income | $85,938 | $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 | $1,350 | $1,533 | $1,963 |
| Those costs as a share of the owners' income | 16.1% | 18.7% | 21.0% |
| Median rent | – | $972 | $1,413 |
| Median year homes were built | 1938 | 1972 | 1980 |
| Vacant homes | 10.3% | 8.5% | 10.1% |
| Population | 340 | 3,210,507 | 334,922,499 |
What a typical home costs per month in Hornick
At this week's average 30-year rate of 7.11%, buying the median Hornick home of $113,300 with 20% down costs about $767 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $956, 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 $32,889 for the 20%-down payment. That payment is 11% of the median Hornick household income of $85,938; at that income and 20% down, the 28% guideline points to a home of about $296,000.
| Down payment | $22,660 |
|---|---|
| Loan amount | $90,640 |
| Principal and interest | $610 |
| Property taxes (1.17% a year) | $110 |
| Homeowners insurance (our estimate, 0.5% a year) | $47 |
| PMI | $0 |
| Total per month | $767 |
Change the numbers in the calculator
| Down payment | $3,966 |
|---|---|
| Loan amount | $111,248 |
| Principal and interest | $748 |
| Property taxes (1.17% a year) | $110 |
| Homeowners insurance (our estimate, 0.5% a year) | $47 |
| FHA mortgage insurance | $50 |
| Total per month | $956 |
Change the numbers in the calculator
Questions about home buying in Hornick
What is the median home value in Hornick?
About $113,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Hornick?
Homeowners pay a median $1,330 a year, which is about 1.17% 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 Hornick?
For the median home with 20% down at 7.11%, the payment is about $767 a month. Keeping that under 28% of gross income takes about $32,889 a year.
More about Hornick
- Mortgage Refinance in Hornick
- Debt Relief in Hornick
- Home Equity Loans in Hornick
- 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