How much house can I afford on $60,000 in Iowa?
About $202,000 with 20% down ($163,000 with an FHA loan), using Iowa's 1.27% property tax rate.
That is $34,935 less than the typical Iowa home ($236,623), so on $60,000 you'd look at cheaper areas or a smaller home. The payment of $1,400 covers $1,085 principal and interest, $214 property tax and $101 insurance.
Counties in Iowa you can afford on $60,000
56 of 99 counties have a typical home value at or below $202,000. The 25 priciest of them:
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Mahaska County | $200,948 | +8.5% | 1.32% |
| Adair County | $197,786 | +8.4% | 1.28% |
| Clarke County | $197,299 | +2.6% | 1.6% |
| Clay County | $195,966 | +4.2% | 1.15% |
| O Brien County | $194,875 | +8.0% | 0.98% |
| Henry County | $192,451 | +6.2% | 1.56% |
| Marshall County | $192,339 | +3.6% | 1.42% |
| Worth County | $190,414 | +4.6% | 1.1% |
| Butler County | $190,215 | +4.8% | 1.35% |
| Buena Vista County | $186,332 | -0.2% | 1.21% |
| Black Hawk County | $185,880 | +0.4% | 1.5% |
| Van Buren County | $185,789 | +4.3% | 1.18% |
| Ida County | $184,506 | +6.3% | 1.16% |
| Fremont County | $182,656 | +9.3% | 1.21% |
| Hancock County | $182,064 | +2.9% | 1.18% |
| Jefferson County | $181,544 | +3.0% | 1.41% |
| Clinton County | $181,487 | +6.7% | 1.53% |
| Crawford County | $181,286 | +5.1% | 1.28% |
| Ringgold County | $176,284 | +6.1% | 1.34% |
| Sac County | $175,121 | +12.0% | 1.1% |
| Greene County | $174,191 | +3.5% | 1.15% |
| Lucas County | $173,859 | +1.4% | 1.37% |
| Louisa County | $173,554 | +4.0% | 1.17% |
| Monroe County | $173,200 | +4.9% | 1.37% |
| Tama County | $172,586 | +1.7% | 1.37% |
Affordable metro areas
Assumes a 30-year fixed loan at 7.11%, property tax of 1.27% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Other salaries in Iowa
Frequently asked questions
How much house can I afford on $60,000 in Iowa?
About $202,000 with 20% down at 7.11%, keeping the payment (with Iowa's 1.27% property tax and insurance) under $1,400 a month.
Is $60,000 enough to buy a house in Iowa?
Not the typical home: the typical Iowa home is worth $236,623 (Zillow, September 2026) and $60,000 supports about $202,000. 56 of 99 counties are within budget.