Mason City, IA home prices
Typical home $202,575 · +3.2% in a year · income needed $61,500
The Mason City, IA metro area ranks 625 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +3.2% in a year and +27.0% over five years. With 20% down at 7.11%, the typical home costs about $1,436 a month including 1.45% property tax (Cerro Gordo County rate).
Mortgage on the typical Mason City home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $40,515 | $162,060 | $1,090 | $0 | $346 | $1,436 | $61,500 |
| 10% down | $20,258 | $182,318 | $1,226 | $76 | $346 | $1,648 | $70,600 |
| 5% down | $10,129 | $192,446 | $1,295 | $80 | $346 | $1,721 | $73,700 |
| 3.5% down (FHA) | $7,090 | $198,906 | $1,338 | $90 | $346 | $1,773 | $76,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.45% 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 Mason City area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Cerro Gordo County, IA | $204,868 | +3.0% | 1.45% |
| Worth County, IA | $190,414 | +4.6% | 1.1% |
What can you afford in Iowa on your salary? · Iowa home prices · Salaries in Iowa
Frequently asked questions
How much is a house in Mason City?
The typical home in the Mason City, IA metro area is worth $202,575 (Zillow, September 2026).
What salary do you need to buy a house in Mason City?
About $61,500 a year for the typical home with 20% down at 7.11%.