Ottumwa, IA home prices
Typical home $127,896 · +2.4% in a year · income needed $39,400
The Ottumwa, IA metro area ranks 850 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +2.4% in a year and +28.2% over five years. With 20% down at 7.11%, the typical home costs about $920 a month including 1.58% property tax (Wapello County rate).
Mortgage on the typical Ottumwa home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $25,579 | $102,317 | $688 | $0 | $232 | $920 | $39,400 |
| 10% down | $12,790 | $115,106 | $774 | $48 | $232 | $1,054 | $45,200 |
| 5% down | $6,395 | $121,501 | $817 | $51 | $232 | $1,100 | $47,100 |
| 3.5% down (FHA) | $4,476 | $125,579 | $845 | $57 | $232 | $1,133 | $48,600 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.58% 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 Ottumwa area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Wapello County, IA | $127,798 | +2.4% | 1.58% |
What can you afford in Iowa on your salary? · Iowa home prices · Salaries in Iowa
Frequently asked questions
How much is a house in Ottumwa?
The typical home in the Ottumwa, IA metro area is worth $127,896 (Zillow, September 2026).
What salary do you need to buy a house in Ottumwa?
About $39,400 a year for the typical home with 20% down at 7.11%.