Total monthly cost of ownership
Cost to Own a Home in New Hampton, Iowa
A $159,000 home here costs
$1,370per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $817. The real number is $553 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.
New Hampton against Chickasaw County and Iowa
| Measure | New Hampton | Chickasaw County |
|---|---|---|
| Median home value | $159,200 | $164,400 |
| Median property tax | $1,876 | $1,804 |
| Effective tax rate | 1.178% | 1.097% |
| Median gross rent | $838 | $779 |
| Population | 3,462 | 11,868 |
The weather behind that power bill
New Hampton sits in Chickasaw County, which averages a high of 80.8°F in its hottest month and a low of 5.5°F in its coldest, with 40.57" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 521 cooling and 7,872 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Chickasaw County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Chickasaw County
Common questions
How much does it cost to own a home in New Hampton?
A $159,000 home in New Hampton, Iowa costs approximately $1,370 per month with 20% down at 6.66%. That is $817 principal and interest, $156 property tax, $69 homeowners insurance, $195 utilities and $133 set aside for maintenance.
What is the property tax rate in New Hampton?
New Hampton has an effective property tax rate of 1.178%, based on a median home value of $159,200 and median real estate taxes of $1,876. That is higher than the Chickasaw County average of 1.097%.
What is the average home price in New Hampton?
The median owner-occupied home value in New Hampton, Iowa is $159,200, against $164,400 across Chickasaw County.
Is it cheaper to rent or buy in New Hampton?
Median gross rent in New Hampton is $838 a month, against $1,370 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 New 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.