Total monthly cost of ownership
Cost to Own a Home in Conrad, Iowa
A $156,000 home here costs
$1,349per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $802. The real number is $547 higher every month — 68% 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.
Conrad against Grundy County and Iowa
| Measure | Conrad | Grundy County |
|---|---|---|
| Median home value | $156,100 | $180,500 |
| Median property tax | $1,853 | $1,929 |
| Effective tax rate | 1.187% | 1.069% |
| Median gross rent | $944 | $777 |
| Population | 1,170 | 12,352 |
The weather behind that power bill
Conrad sits in Grundy County, which averages a high of 82.9°F in its hottest month and a low of 8.7°F in its coldest, with 36.82" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 730 cooling and 7,227 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Grundy County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Grundy County
Common questions
How much does it cost to own a home in Conrad?
A $156,000 home in Conrad, Iowa costs approximately $1,349 per month with 20% down at 6.66%. That is $802 principal and interest, $154 property tax, $68 homeowners insurance, $195 utilities and $130 set aside for maintenance.
What is the property tax rate in Conrad?
Conrad has an effective property tax rate of 1.187%, based on a median home value of $156,100 and median real estate taxes of $1,853. That is higher than the Grundy County average of 1.069%.
What is the average home price in Conrad?
The median owner-occupied home value in Conrad, Iowa is $156,100, against $180,500 across Grundy County.
Is it cheaper to rent or buy in Conrad?
Median gross rent in Conrad is $944 a month, against $1,349 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 Conrad — 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.