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Cost of homeownership in Iowa

State averages from Census ACS, energy costs from DOE EIA, and appreciation from FHFA. County-level detail is below.

Avg home value
$149,558
Avg property tax
$2,073
Homeownership rate
75.6%
1yr appreciation
3.7%

Home price trend

FHFA House Price Index, quarterly.

Most expensive counties

  1. 1.Dallas County$314,900
  2. 2.Johnson County$277,800
  3. 3.Dickinson County$236,100
  4. 4.Warren County$234,300
  5. 5.Polk County$232,000
  6. 6.Madison County$230,500
  7. 7.Story County$229,100
  8. 8.Mills County$225,500
  9. 9.Winneshiek County$225,400
  10. 10.Sioux County$220,700

Most affordable counties

  1. 1.Sac County11.9%
  2. 2.Osceola County12.2%
  3. 3.Pocahontas County12.5%
  4. 4.Cherokee County12.7%
  5. 5.Crawford County12.8%
  6. 6.Calhoun County12.8%
  7. 7.Franklin County12.9%
  8. 8.Ida County12.9%
  9. 9.Worth County13.4%
  10. 10.Carroll County13.5%
Avg electricity
13.7¢/kWh

DOE EIA residential average.

Avg annual energy cost
$1,482

Residential baseline.

Avg mortgage interest deduction
Pending

IRS SOI, state-level avg.

All counties in Iowa

Frequently asked questions

How much does it cost to own a home in Iowa?

Based on Census ACS, the state average home value in Iowa is $149,558, with median annual property tax around $2,073. Your actual cost depends on county and property.

What is the property tax in Iowa?

Property tax rates vary by county. Iowa's state average sits at roughly $2,073 per year on a median home. See county-level pages for local rates.

How fast are home prices appreciating in Iowa?

FHFA House Price Index data shows Iowa appreciating 3.7% over the last year and 39.1% over the last five years.

Is homeownership high in Iowa?

Iowa's homeownership rate is 75.6% (Census ACS). The share of owner-occupied units varies widely across counties.

Data sources

Disclaimer. HomeRule is not a real estate agent, lender, appraiser, or financial advisor. This content is for educational and informational purposes only. Actual costs vary significantly by property, location, and individual circumstances. Consult qualified professionals for personalized advice.