🏦 Mortgage Calculators Iowa

How Much House Can I Afford in Iowa?

Find out how much house you can afford in Iowa with 1.57% property tax. Uses 28/36 rule with Iowa-specific data.

Free — No Sign-up Verified Data Editorially Reviewed Updated Feb 2026

Iowa Quick Facts

3.8% Income Tax Rate

1.57% Property Tax Rate

$65,573 Median Income

90.1 Cost of Living

How This Calculator Works

Calculation methodology and assumptions

Calculates home affordability in Iowa using the 28/36 rule. Maximum 28% of gross monthly income for housing (PITI). Includes Iowa's effective property tax rate of 1.57% and average home insurance of $2,020/year. Median home price in Iowa: $205,000.

Key State Information

Iowa housing market: Median home price $205,000 | Property tax rate 1.57% | Avg home insurance $2,020/yr | Median household income $65,573. Home prices are moderate relative to income.

Standard financial formulas Pre-filled with real state data Estimates only — not financial advice

Data Source

Census Bureau, Zillow, Tax Foundation

View Original Source | Verified 2024-12-01 | Updated annually

Frequently Asked Questions

How much house can I afford on the median income in Iowa?

With Iowa's median household income of $65,573 and a 10% down payment, you can typically afford a home priced around $229,506-$295,079 depending on debts and interest rates. The median home in Iowa costs $205,000.

What is the property tax rate in Iowa?

Iowa's effective property tax rate is 1.57%. On a $205,000 home, that's approximately $3,219/year or $268/month.