Total monthly cost of ownership
Cost to Own a Home in Hamburg, Iowa
A $107,000 home here costs
$1,011per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $550. The real number is $461 higher every month — 84% 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.
Hamburg against Fremont County and Iowa
| Measure | Hamburg | Fremont County |
|---|---|---|
| Median home value | $107,300 | $147,500 |
| Median property tax | $1,571 | $1,918 |
| Effective tax rate | 1.464% | 1.300% |
| Median gross rent | $717 | $753 |
| Population | 1,034 | 6,570 |
The weather behind that power bill
Hamburg sits in Fremont County, which averages a high of 85.8°F in its hottest month and a low of 13.1°F in its coldest, with 33.26" of precipitation a year and 44% of it in a single three-month stretch. That climate drives 997 cooling and 6,182 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Fremont County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Fremont County
No other places of this size are published in Fremont County.
Common questions
How much does it cost to own a home in Hamburg?
A $107,000 home in Hamburg, Iowa costs approximately $1,011 per month with 20% down at 6.66%. That is $550 principal and interest, $131 property tax, $47 homeowners insurance, $195 utilities and $89 set aside for maintenance.
What is the property tax rate in Hamburg?
Hamburg has an effective property tax rate of 1.464%, based on a median home value of $107,300 and median real estate taxes of $1,571. That is higher than the Fremont County average of 1.300%.
What is the average home price in Hamburg?
The median owner-occupied home value in Hamburg, Iowa is $107,300, against $147,500 across Fremont County.
Is it cheaper to rent or buy in Hamburg?
Median gross rent in Hamburg is $717 a month, against $1,011 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 Hamburg — 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.