Total monthly cost of ownership
Cost to Own a Home in Grundy Center, Iowa
A $173,000 home here costs
$1,506per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $889. The real number is $616 higher every month — 69% 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.
Grundy Center against Grundy County and Iowa
| Measure | Grundy Center | Grundy County |
|---|---|---|
| Median home value | $173,200 | $180,500 |
| Median property tax | $2,424 | $1,929 |
| Effective tax rate | 1.400% | 1.069% |
| Median gross rent | $684 | $777 |
| Population | 2,794 | 12,352 |
The weather behind that power bill
Grundy Center 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 Grundy Center?
A $173,000 home in Grundy Center, Iowa costs approximately $1,506 per month with 20% down at 6.66%. That is $889 principal and interest, $202 property tax, $75 homeowners insurance, $195 utilities and $144 set aside for maintenance.
What is the property tax rate in Grundy Center?
Grundy Center has an effective property tax rate of 1.400%, based on a median home value of $173,200 and median real estate taxes of $2,424. That is higher than the Grundy County average of 1.069%.
What is the average home price in Grundy Center?
The median owner-occupied home value in Grundy Center, Iowa is $173,200, against $180,500 across Grundy County.
Is it cheaper to rent or buy in Grundy Center?
Median gross rent in Grundy Center is $684 a month, against $1,506 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 Grundy Center — 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.