Iowa City, IA home prices
Typical home $300,040 · +3.0% in a year · income needed $91,900
The Iowa City, IA metro area ranks 320 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +3.0% in a year and +24.3% over five years. With 20% down at 7.11%, the typical home costs about $2,144 a month including 1.52% property tax (Johnson County rate).
Mortgage on the typical Iowa City home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $60,008 | $240,032 | $1,615 | $0 | $529 | $2,144 | $91,900 |
| 10% down | $30,004 | $270,036 | $1,817 | $113 | $529 | $2,458 | $105,400 |
| 5% down | $15,002 | $285,038 | $1,917 | $119 | $529 | $2,566 | $110,000 |
| 3.5% down (FHA) | $10,501 | $294,606 | $1,982 | $133 | $529 | $2,644 | $113,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.52% 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 Iowa City area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Johnson County, IA | $309,187 | +2.8% | 1.52% |
| Washington County, IA | $236,044 | +5.4% | 1.37% |
What can you afford in Iowa on your salary? · Iowa home prices · Salaries in Iowa
Frequently asked questions
How much is a house in Iowa City?
The typical home in the Iowa City, IA metro area is worth $300,040 (Zillow, September 2026).
What salary do you need to buy a house in Iowa City?
About $91,900 a year for the typical home with 20% down at 7.11%.