Monroe County, Iowa home prices
Typical home $173,200 · +4.9% in a year · property tax 1.37%
The typical home in Monroe County is worth $173,200, 27% less than the Iowa typical home ($236,623). Values changed +4.9% in the past year and +31.7% over five years. Homeowners here pay a median 1.37% of their home's value in property tax each year ($2,381 on the typical home), versus 1.27% statewide.
Mortgage on the typical Monroe County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $34,640 | $138,560 | $932 | $0 | $285 | $1,217 | $52,200 |
| 10% down | $17,320 | $155,880 | $1,049 | $65 | $285 | $1,399 | $59,900 |
| 5% down | $8,660 | $164,540 | $1,107 | $69 | $285 | $1,460 | $62,600 |
| 3.5% down (FHA) | $6,062 | $170,063 | $1,144 | $77 | $285 | $1,506 | $64,500 |
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.
Iowa counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Louisa County | $173,554 | +4.0% | 1.17% |
| Tama County | $172,586 | +1.7% | 1.37% |
| Lucas County | $173,859 | +1.4% | 1.37% |
| Osceola County | $172,227 | +7.9% | 1.13% |
| Greene County | $174,191 | +3.5% | 1.15% |
| Hamilton County | $171,544 | +3.3% | 1.26% |
| Sac County | $175,121 | +12.0% | 1.1% |
| Kossuth County | $170,807 | +1.5% | 1% |
| Palo Alto County | $170,587 | +3.5% | 1.2% |
| Ringgold County | $176,284 | +6.1% | 1.34% |
Frequently asked questions
What is the average home price in Monroe County, IA?
The typical home value in Monroe County is $173,200 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Monroe County?
About $52,200 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Monroe County?
The median effective rate is 1.37% of home value a year (Census ACS 2024 5-year estimates).