Fort Madison, IA home prices
Typical home $125,210 · +1.7% in a year · income needed $37,700
The Fort Madison, IA metro area ranks 855 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +1.7% in a year and +9.5% over five years. With 20% down at 7.11%, the typical home costs about $881 a month including 1.38% property tax (Lee County rate).
Mortgage on the typical Fort Madison home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $25,042 | $100,168 | $674 | $0 | $207 | $881 | $37,700 |
| 10% down | $12,521 | $112,689 | $758 | $47 | $207 | $1,012 | $43,400 |
| 5% down | $6,260 | $118,949 | $800 | $50 | $207 | $1,057 | $45,300 |
| 3.5% down (FHA) | $4,382 | $122,942 | $827 | $55 | $207 | $1,089 | $46,700 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.38% 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.
Counties in the Fort Madison area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Lee County, IA | $124,938 | +1.9% | 1.38% |
| Hancock County, IL | $115,014 | +2.5% | 1.81% |
| Clark County, MO | $172,862 | +13.4% | 0.87% |
What can you afford in Iowa on your salary? · Iowa home prices · Salaries in Iowa
Frequently asked questions
How much is a house in Fort Madison?
The typical home in the Fort Madison, IA metro area is worth $125,210 (Zillow, September 2026).
What salary do you need to buy a house in Fort Madison?
About $37,700 a year for the typical home with 20% down at 7.11%.