Total monthly cost of ownership
Cost to Own a Home in Hampton, Iowa
A $92,000 home here costs
$909per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $473. The real number is $436 higher every month — 92% 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.
Hampton against Franklin County and Iowa
| Measure | Hampton | Franklin County |
|---|---|---|
| Median home value | $91,900 | $118,500 |
| Median property tax | $1,489 | $1,597 |
| Effective tax rate | 1.620% | 1.348% |
| Median gross rent | $649 | $649 |
| Population | 4,311 | 9,977 |
The weather behind that power bill
Hampton sits in Franklin County, which averages a high of 83.4°F in its hottest month and a low of 7.9°F in its coldest, with 38.11" of precipitation a year and 42% of it in a single three-month stretch. That climate drives 712 cooling and 7,363 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Franklin County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Franklin County
Common questions
How much does it cost to own a home in Hampton?
A $92,000 home in Hampton, Iowa costs approximately $909 per month with 20% down at 6.66%. That is $473 principal and interest, $124 property tax, $40 homeowners insurance, $195 utilities and $77 set aside for maintenance.
What is the property tax rate in Hampton?
Hampton has an effective property tax rate of 1.620%, based on a median home value of $91,900 and median real estate taxes of $1,489. That is higher than the Franklin County average of 1.348%.
What is the average home price in Hampton?
The median owner-occupied home value in Hampton, Iowa is $91,900, against $118,500 across Franklin County.
Is it cheaper to rent or buy in Hampton?
Median gross rent in Hampton is $649 a month, against $909 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 Hampton — 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.