Cerro Gordo County, Iowa home prices
Typical home $204,868 · +3.0% in a year · property tax 1.45%
The typical home in Cerro Gordo County is worth $204,868, 13% less than the Iowa typical home ($236,623). Values changed +3.0% in the past year and +26.2% over five years. Homeowners here pay a median 1.45% of their home's value in property tax each year ($2,967 on the typical home), versus 1.27% statewide.
Mortgage on the typical Cerro Gordo County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $40,974 | $163,894 | $1,103 | $0 | $350 | $1,452 | $62,200 |
| 10% down | $20,487 | $184,381 | $1,240 | $77 | $350 | $1,667 | $71,400 |
| 5% down | $10,243 | $194,624 | $1,309 | $81 | $350 | $1,740 | $74,600 |
| 3.5% down (FHA) | $7,170 | $201,157 | $1,353 | $91 | $350 | $1,794 | $76,900 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.45% 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 Mason City metro area.
Iowa counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Howard County | $204,056 | +9.3% | 1.25% |
| Muscatine County | $205,712 | +5.6% | 1.5% |
| Woodbury County | $207,499 | +2.8% | 1.45% |
| Mahaska County | $200,948 | +8.5% | 1.32% |
| Adair County | $197,786 | +8.4% | 1.28% |
| Carroll County | $212,289 | +6.1% | 1.09% |
| Clarke County | $197,299 | +2.6% | 1.6% |
| Shelby County | $212,688 | +4.2% | 1.28% |
| Clay County | $195,966 | +4.2% | 1.15% |
| Mitchell County | $213,898 | +4.1% | 1.1% |
Frequently asked questions
What is the average home price in Cerro Gordo County, IA?
The typical home value in Cerro Gordo County is $204,868 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Cerro Gordo County?
About $62,200 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Cerro Gordo County?
The median effective rate is 1.45% of home value a year (Census ACS 2024 5-year estimates).