Montgomery County, Iowa home prices
Typical home $139,432 · -4.6% in a year · property tax 1.65%
The typical home in Montgomery County is worth $139,432, 41% less than the Iowa typical home ($236,623). Values changed -4.6% in the past year and +24.8% over five years. Homeowners here pay a median 1.65% of their home's value in property tax each year ($2,305 on the typical home), versus 1.27% statewide.
Mortgage on the typical Montgomery County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $27,886 | $111,546 | $750 | $0 | $262 | $1,012 | $43,400 |
| 10% down | $13,943 | $125,489 | $844 | $52 | $262 | $1,158 | $49,600 |
| 5% down | $6,972 | $132,461 | $891 | $55 | $262 | $1,208 | $51,800 |
| 3.5% down (FHA) | $4,880 | $136,907 | $921 | $62 | $262 | $1,244 | $53,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.65% 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 |
|---|---|---|---|
| Wayne County | $140,476 | +5.2% | 1.36% |
| Webster County | $138,265 | +1.1% | 1.39% |
| Taylor County | $141,844 | +13.7% | 1.26% |
| Keokuk County | $143,138 | +5.1% | 1.26% |
| Hardin County | $145,267 | +1.2% | 1.37% |
| Wright County | $132,781 | -0.0% | 1.51% |
| Des Moines County | $147,927 | +2.7% | 1.51% |
| Page County | $150,044 | +2.6% | 1.41% |
| Wapello County | $127,798 | +2.4% | 1.58% |
| Calhoun County | $153,847 | +9.8% | 1.32% |
Frequently asked questions
What is the average home price in Montgomery County, IA?
The typical home value in Montgomery County is $139,432 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Montgomery County?
About $43,400 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Montgomery County?
The median effective rate is 1.65% of home value a year (Census ACS 2024 5-year estimates).