What is the average home price in Iowa?
Around $225,000 in 2026.
Iowa Mortgage Calculator 2026
Iowa has affordable home prices averaging $225,000 in 2026, making it one of the more accessible housing markets in the Midwest. Use this calculator to estimate your monthly mortgage payment.
Current Rates (Freddie Mac PMMS)
30-Year Fixed: 15-Year Fixed: Rates verified Oct 21, 2026
Adjust values — results update instantly.
State: Iowa (median-style home price, tax, and insurance pre-filled — edit as needed)
Illustrative property tax and insurance — county assessors and storm coverage vary. Not a loan offer.
Dollar amount. PMI applies when under 20% of home price.
PMI is estimated at 0.5% of the loan amount per year when your down payment is below 20% of the purchase price.
Total monthly payment
$1,559
Principal & interest
$1,167Property tax
$283Home insurance
$108Loan amount$180,000
Down payment$45,000 (20.0%)
Total interest (life)$240,292
Total cost$420,292
Frequently Asked Questions
Does Iowa have a transfer tax?
No state transfer tax.
What is Iowa state income tax?
Flat 3.8% rate in 2026.
How much do I need to earn to afford a home in Iowa?
Approximately $43,000–$48,000 annually for the average IA home.
Related calculators
Educational estimates only. Not a lender pre-approval.