Total monthly cost of ownership
Cost to Own a Home in Clarinda, Iowa
A $112,000 home here costs
$1,109per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $47,500 a year.
A standard mortgage calculator would have told you $611. The real number is $498 higher every month, 82% more than the payment most buyers budget for.
Compare Page County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Clarinda against Page County and Iowa
| Measure | Clarinda | Page County |
|---|---|---|
| Median home value | $112,200 | $120,000 |
| Median property tax | $1,755 | $1,721 |
| Effective tax rate | 1.564% | 1.434% |
| Median gross rent | $653 | $731 |
| Population | 5,366 | 15,168 |
The weather behind that power bill
Clarinda sits in Page County, which averages a high of 85.8°F in its hottest month and a low of 11.9°F in its coldest, with 36.65" of precipitation a year and 43% of it in a single three-month stretch. That climate drives 965 cooling and 6,292 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Page County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Page County
Talk to someone who works this market
These are Clarinda averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Clarinda every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Clarinda I already own here and may sell
Common questions
How much does it cost to own a home in Clarinda?
A $112,000 home in Clarinda, Iowa costs approximately $1,109 per month with 20% down at 7.24%. That is $611 principal and interest, $146 property tax, $49 homeowners insurance, $210 utilities and $93 set aside for maintenance.
What is the property tax rate in Clarinda?
Clarinda has an effective property tax rate of 1.564%, based on a median home value of $112,200 and median real estate taxes of $1,755. That is higher than the Page County average of 1.434%.
What is the average home price in Clarinda?
The median owner-occupied home value in Clarinda, Iowa is $112,200, against $120,000 across Page County.
Is it cheaper to rent or buy in Clarinda?
Median gross rent in Clarinda is $653 a month, against $1,109 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Clarinda?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Clarinda, Iowa at today's rate takes a household income of roughly $47,500 a year. That covers the full $1,109 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Clarinda, 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.