Mortgage on a $350K house in Iowa
$2,429 a month with 20% down — $1,884 principal and interest plus $371 property tax and $175 insurance.
Iowa's typical property tax is 1.27% of the home's value a year (U.S. average 0.9%), which adds $371 a month on a $350K home. The typical home in Iowa is worth $236,623, so $350K is 48% above the typical price.
$350K home in Iowa: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $70,000 | $280,000 | $1,884 | $0 | $546 | $2,429 | $104,100 |
| 10% down | $35,000 | $315,000 | $2,119 | $131 | $546 | $2,796 | $119,800 |
| 5% down | $17,500 | $332,500 | $2,237 | $139 | $546 | $2,921 | $125,200 |
| 3.5% down (FHA) | $12,250 | $343,661 | $2,312 | $155 | $546 | $3,013 | $129,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.27% 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.
Where in Iowa does $350K buy a typical home?
In these counties the typical home value is within 15% of $350K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Dallas County | $355,003 | 1.41% | $2,469 |
| Madison County | $333,666 | 1.48% | $2,490 |
| Warren County | $323,570 | 1.43% | $2,477 |
| Winneshiek County | $315,887 | 1.12% | $2,384 |
| Dickinson County | $384,118 | 0.92% | $2,328 |
| Johnson County | $309,187 | 1.52% | $2,501 |
| Sioux County | $308,457 | 1.12% | $2,385 |
97 of 99 Iowa counties tracked by Zillow have a typical home value at or below $350K. See all Iowa home prices.
Other prices in Iowa
Frequently asked questions
What is the mortgage on a $350K house in Iowa?
About $2,429 a month with 20% down at 7.11%: $1,884 principal and interest, $371 property tax and $175 insurance.
How much do I need to make to buy a $350K house in Iowa?
About $104,100 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $350K house in Iowa?
At Iowa's typical effective rate of 1.27%, about $4,451 a year. Rates vary by county and city — see the county pages.