Mills County, Iowa home prices
Typical home $280,495 · +3.2% in a year · property tax 1.47%
The typical home in Mills County is worth $280,495, 19% more than the Iowa typical home ($236,623). Values changed +3.2% in the past year and +21.0% over five years. Homeowners here pay a median 1.47% of their home's value in property tax each year ($4,121 on the typical home), versus 1.27% statewide.
Mortgage on the typical Mills County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $56,099 | $224,396 | $1,510 | $0 | $484 | $1,993 | $85,400 |
| 10% down | $28,049 | $252,445 | $1,698 | $105 | $484 | $2,287 | $98,000 |
| 5% down | $14,025 | $266,470 | $1,793 | $111 | $484 | $2,387 | $102,300 |
| 3.5% down (FHA) | $9,817 | $275,414 | $1,853 | $124 | $484 | $2,460 | $105,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.47% 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 Omaha metro area.
Iowa counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Polk County | $279,097 | +0.2% | 1.68% |
| Benton County | $282,938 | +9.5% | 1.31% |
| Dubuque County | $277,182 | +4.3% | 1.23% |
| Clayton County | $287,556 | +13.2% | 1.29% |
| Guthrie County | $273,068 | +5.7% | 1.22% |
| Marion County | $271,088 | +2.9% | 1.22% |
| Story County | $292,064 | +2.7% | 1.4% |
| Plymouth County | $292,290 | +5.5% | 1.07% |
| Lyon County | $266,451 | +12.2% | 0.87% |
| Allamakee County | $262,926 | +7.6% | 1.27% |
Frequently asked questions
What is the average home price in Mills County, IA?
The typical home value in Mills County is $280,495 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Mills County?
About $85,400 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Mills County?
The median effective rate is 1.47% of home value a year (Census ACS 2024 5-year estimates).