Advantages in the cost of housing are a powerful attractant! Mapleton welcomes new residents who will benefit immediately from our low housing cost.
Mapleton generally has a limited number of homes for sale which is representative of the strong local economy. Homes and commercial properties in town are well cared for and neat which demonstrates the pride of Mapleton's citizens. Many homes suitable for families of 4-6 can be purchased for $50,000-$75,000. As far as style and design, Mapleton has an interesting combination of various architecture ranging from older Victorian homes to modern ranches and split levels. Real estate taxes are very affordable as a home owner in Mapleton with a home assessed at $100,000 in Mapleton would only pay approximately $1,500-$2,000 annually.
There are a wide variety of rental accommodations in Mapleton as well ranging from older, two story homes remodeled into smaller apartments to large, condo style apartments. During the last several years, three new condo style apartment complexes have been built to help meet the demand for housing. Additionally, at various times there are single family homes for rent. Rent ranges from $250 for the smaller apartments to $600-$800 per month for the condo style units and single family homes.
Meadow Park is a housing development built to meet the growing needs of a mature adult community and to meet the need of a different type of housing in Mapleton, Iowa. It is hoped that this development will create a housing environment which enhances privacy and individual lifestyles opportunities within the larger Mapleton community.
The City of Mapleton currently offers an Application for tax abatement on residential and commercial properties. Following are the Exemptions:
All qualified real estate assessed as residential property or assessed as commercial property, if the commercial property consists of three or more separate living quarters with at least seventy-five percent of the space used for residential purposes, is eligible to receive a one hundred percent (100%) exemption from taxation on the actual value added by the improvements. The exemption is for a period of five (5) years. Improvements must increase the assessed value by a minimum of 10%.
Commercial / Industrial
All qualified real estate assessed as commercial or industrial property is eligible to receive a one hundred percent (100%) exemption from taxation on the actual value added by the improvements. The exemption is for a period of three (3) years. Improvements must increase the assessed value by a minimum of 10%.
See the Mapleton Revitalization Plan for further details.
Commercial land building sites for light manufacturing are available. Prices and specifications can be discussed with one of our Real Estate Agents .
Check out the other benefits of the Maple Valley and how living here can improve your lifestyle.