Iowa Mortgage Rates & Home Prices (2026)
Median price: $210,000 · Avg. rate: 6.88%
Iowa Market Overview
$210,000
Median Home Price
6.88%
Avg. 30-Yr Rate
1.57%
Property Tax Rate
72.1%
Homeownership Rate
Iowa offers exceptionally affordable housing with strong homeownership rates. The Iowa Finance Authority provides $2,500 in grants plus competitive rates for first-time buyers. Des Moines metro has seen steady appreciation while rural areas remain very affordable.
Estimated Monthly Payment
Median home in Iowa (20% down, 30-yr fixed)
$1,466/mo
Principal & Interest$1,104
Property Taxes$275
Home Insurance (est.)$88
Total Monthly (PITI)$1,466
Based on a $210,000 home with 20% down ($168,000 loan) at 6.88%. Does not include PMI, HOA, or other fees.
First-Time Buyer Programs in Iowa
- IFA FirstHome Program
- Homes for Iowans Program
- Military Homeownership Assistance
Contact your state's Housing Finance Agency for current program availability and requirements.
Rate Comparison: IA Rates
30-Year Fixed6.88%
15-Year Fixed6.12%
5/1 ARM (est.)6.13%
FHA 30-Year6.73%
VA 30-Year6.63%
Rates are estimates based on state averages and may vary by lender and borrower qualifications.
Frequently Asked Questions
Key Stats: IA
FHA Loan Limit$472,030
Median Income$65,573
Cost Index0.83x