Total monthly cost of ownership
Cost to Own a Home in Belmond, Iowa
A $111,000 home here costs
$1,054per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $571. The real number is $484 higher every month — 85% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Belmond against Wright County and Iowa
| Measure | Belmond | Wright County |
|---|---|---|
| Median home value | $110,800 | $109,800 |
| Median property tax | $1,770 | $1,695 |
| Effective tax rate | 1.597% | 1.544% |
| Median gross rent | $820 | $788 |
| Population | 2,678 | 12,817 |
The weather behind that power bill
Belmond sits in Wright County, which averages a high of 85.0°F in its hottest month and a low of 6.2°F in its coldest, with 34.27" of precipitation a year and 43% of it in a single three-month stretch. That climate drives 804 cooling and 7,309 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Wright County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Wright County
Common questions
How much does it cost to own a home in Belmond?
A $111,000 home in Belmond, Iowa costs approximately $1,054 per month with 20% down at 6.66%. That is $571 principal and interest, $148 property tax, $48 homeowners insurance, $195 utilities and $93 set aside for maintenance.
What is the property tax rate in Belmond?
Belmond has an effective property tax rate of 1.597%, based on a median home value of $110,800 and median real estate taxes of $1,770. That is higher than the Wright County average of 1.544%.
What is the average home price in Belmond?
The median owner-occupied home value in Belmond, Iowa is $110,800, against $109,800 across Wright County.
Is it cheaper to rent or buy in Belmond?
Median gross rent in Belmond is $820 a month, against $1,054 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Belmond — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Iowa.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.