Total monthly cost of ownership
Cost to Own a Home in Reinbeck, Iowa
A $152,000 home here costs
$1,379per 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 $59,000 a year.
A standard mortgage calculator would have told you $829. The real number is $551 higher every month, 66% more than the payment most buyers budget for.
Compare Grundy County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Reinbeck from a five-year rolling sample, and with about 1,805 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 Grundy 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.
Reinbeck against Grundy County and Iowa
| Measure | Reinbeck | Grundy County |
|---|---|---|
| Median home value | $152,400 | $180,500 |
| Median property tax | $1,780 | $1,929 |
| Effective tax rate | 1.168% | 1.069% |
| Median gross rent | $734 | $777 |
| Population | 1,805 | 12,352 |
The weather behind that power bill
Reinbeck 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 $142 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
Talk to someone who works this market
These are Reinbeck 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 Reinbeck every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Reinbeck I already own here and may sell
Common questions
How much does it cost to own a home in Reinbeck?
A $152,000 home in Reinbeck, Iowa costs approximately $1,379 per month with 20% down at 7.24%. That is $829 principal and interest, $148 property tax, $66 homeowners insurance, $210 utilities and $127 set aside for maintenance.
What is the property tax rate in Reinbeck?
Reinbeck has an effective property tax rate of 1.168%, based on a median home value of $152,400 and median real estate taxes of $1,780. That is higher than the Grundy County average of 1.069%.
What is the average home price in Reinbeck?
The median owner-occupied home value in Reinbeck, Iowa is $152,400, against $180,500 across Grundy County.
Is it cheaper to rent or buy in Reinbeck?
Median gross rent in Reinbeck is $734 a month, against $1,379 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Reinbeck?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Reinbeck, Iowa at today's rate takes a household income of roughly $59,000 a year. That covers the full $1,379 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Reinbeck, 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.