Storm Lake, IA home prices
Typical home $186,352 · -0.2% in a year · income needed $55,000
The Storm Lake, IA metro area ranks 692 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed -0.2% in a year and +22.2% over five years. With 20% down at 7.11%, the typical home costs about $1,284 a month including 1.21% property tax (Buena Vista County rate).
Mortgage on the typical Storm Lake home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $37,270 | $149,082 | $1,003 | $0 | $281 | $1,284 | $55,000 |
| 10% down | $18,635 | $167,717 | $1,128 | $70 | $281 | $1,479 | $63,400 |
| 5% down | $9,318 | $177,035 | $1,191 | $74 | $281 | $1,546 | $66,300 |
| 3.5% down (FHA) | $6,522 | $182,977 | $1,231 | $82 | $281 | $1,595 | $68,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.21% 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 Storm Lake area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Buena Vista County, IA | $186,332 | -0.2% | 1.21% |
What can you afford in Iowa on your salary? · Iowa home prices · Salaries in Iowa
Frequently asked questions
How much is a house in Storm Lake?
The typical home in the Storm Lake, IA metro area is worth $186,352 (Zillow, September 2026).
What salary do you need to buy a house in Storm Lake?
About $55,000 a year for the typical home with 20% down at 7.11%.