Boone County, Iowa home prices
Typical home $232,390 · +2.6% in a year · property tax 1.37%
The typical home in Boone County is worth $232,390, about the same as the Iowa typical home ($236,623). Values changed +2.6% in the past year and +26.4% over five years. Homeowners here pay a median 1.37% of their home's value in property tax each year ($3,184 on the typical home), versus 1.27% statewide.
Mortgage on the typical Boone County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $46,478 | $185,912 | $1,251 | $0 | $382 | $1,632 | $69,900 |
| 10% down | $23,239 | $209,151 | $1,407 | $87 | $382 | $1,876 | $80,400 |
| 5% down | $11,619 | $220,770 | $1,485 | $92 | $382 | $1,959 | $83,900 |
| 3.5% down (FHA) | $8,134 | $228,181 | $1,535 | $103 | $382 | $2,019 | $86,500 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.37% 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.
What it takes: see what you can afford by salary in Iowa · part of the Ames metro area.
Iowa counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Davis County | $232,165 | +2.0% | 1.4% |
| Iowa County | $233,726 | +4.6% | 1.36% |
| Jasper County | $229,091 | +4.2% | 1.41% |
| Washington County | $236,044 | +5.4% | 1.37% |
| Jackson County | $238,489 | +5.5% | 1.23% |
| Pottawattamie County | $240,980 | +3.0% | 1.57% |
| Harrison County | $223,581 | +4.6% | 1.32% |
| Poweshiek County | $223,287 | +7.8% | 1.22% |
| Jones County | $241,542 | +7.8% | 1.33% |
| Linn County | $242,923 | +3.0% | 1.66% |
Frequently asked questions
What is the average home price in Boone County, IA?
The typical home value in Boone County is $232,390 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Boone County?
About $69,900 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Boone County?
The median effective rate is 1.37% of home value a year (Census ACS 2024 5-year estimates).