The typical owner-occupied home in Belmond is worth about $129,100, 38% below the Iowa median of $208,000 and 61% below the national median of $332,700. Owners pay a median $1,858 a year in property taxes, about 1.44% of their home's value, close to the Iowa rate of 1.39%. The median household earns $56,528 a year, so the median home costs 2.3 times the median income (2.8 times for Iowa). 81% of occupied homes here are lived in by their owners, and 42% of those owners still have a mortgage.
Belmond at a glance
| Belmond | Iowa | U.S. | |
|---|---|---|---|
| Median home value | $129,100 | $208,000 | $332,700 |
| Median property tax paid per year | $1,858 | $2,897 | $3,119 |
| Property tax as a share of value | 1.44% | 1.39% | 0.94% |
| Median household income | $56,528 | $75,059 | $80,734 |
| Homes lived in by their owners | 81% | 72% | 65% |
| Owner homes with a mortgage | 42% | 59% | 61% |
| Median monthly costs, owners with a mortgage | $1,118 | $1,533 | $1,963 |
| Those costs as a share of the owners' income | 18.3% | 18.7% | 21.0% |
| Median rent | $830 | $972 | $1,413 |
| Rent as a share of renters' income | 30.9% | 27.4% | 30.6% |
| Median year homes were built | 1967 | 1972 | 1980 |
| Vacant homes | 9.3% | 8.5% | 10.1% |
| Population | 2,694 | 3,210,507 | 334,922,499 |
What a typical home costs per month in Belmond
At this week's average 30-year rate of 7.11%, buying the median Belmond home of $129,100 with 20% down costs about $903 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,119, 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 $38,721 for the 20%-down payment. That payment is 19% of the median Belmond household income of $56,528; at that income and 20% down, the 28% guideline points to a home of about $188,000.
The median rent here is $830 a month, so owning the median home costs about $73 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $25,820 |
|---|---|
| Loan amount | $103,280 |
| Principal and interest | $695 |
| Property taxes (1.44% a year) | $155 |
| Homeowners insurance (our estimate, 0.5% a year) | $54 |
| PMI | $0 |
| Total per month | $903 |
Change the numbers in the calculator
| Down payment | $4,518 |
|---|---|
| Loan amount | $126,762 |
| Principal and interest | $853 |
| Property taxes (1.44% a year) | $155 |
| Homeowners insurance (our estimate, 0.5% a year) | $54 |
| FHA mortgage insurance | $57 |
| Total per month | $1,119 |
Change the numbers in the calculator
Questions about home buying in Belmond
What is the median home value in Belmond?
About $129,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Belmond?
Homeowners pay a median $1,858 a year, which is about 1.44% 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 Belmond?
For the median home with 20% down at 7.11%, the payment is about $903 a month. Keeping that under 28% of gross income takes about $38,721 a year.
More about Belmond
- Mortgage Refinance in Belmond
- Debt Relief in Belmond
- Home Equity Loans in Belmond
- 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