Total monthly cost of ownership
Cost to Own a Home in Griswold, Iowa
A $89,000 home here costs
$923per 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 $39,500 a year.
A standard mortgage calculator would have told you $485. The real number is $438 higher every month, 90% more than the payment most buyers budget for.
Compare Cass County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Griswold from a five-year rolling sample, and with about 1,020 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Cass County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Griswold against Cass County and Iowa
| Measure | Griswold | Cass County |
|---|---|---|
| Median home value | $89,400 | $133,300 |
| Median property tax | $1,384 | $1,904 |
| Effective tax rate | 1.548% | 1.428% |
| Median gross rent | $937 | $769 |
| Population | 1,020 | 13,115 |
The weather behind that power bill
Griswold sits in Cass County, which averages a high of 86.1°F in its hottest month and a low of 9.9°F in its coldest, with 37.14" of precipitation a year and 42% of it in a single three-month stretch. That climate drives 940 cooling and 6,638 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Cass County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Cass County
Talk to someone who works this market
These are Griswold 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 Griswold every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Griswold I already own here and may sell
Common questions
How much does it cost to own a home in Griswold?
A $89,000 home in Griswold, Iowa costs approximately $923 per month with 20% down at 7.24%. That is $485 principal and interest, $115 property tax, $39 homeowners insurance, $210 utilities and $74 set aside for maintenance.
What is the property tax rate in Griswold?
Griswold has an effective property tax rate of 1.548%, based on a median home value of $89,400 and median real estate taxes of $1,384. That is higher than the Cass County average of 1.428%.
What is the average home price in Griswold?
The median owner-occupied home value in Griswold, Iowa is $89,400, against $133,300 across Cass County.
Is it cheaper to rent or buy in Griswold?
Median gross rent in Griswold is $937 a month, against $923 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Griswold?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Griswold, Iowa at today's rate takes a household income of roughly $39,500 a year. That covers the full $923 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Griswold, 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.