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📍 Albion, IA · Zillow ZHVI · July 2026

Average Home Price in
Albion, IA

Marshalltown, IA metro area · Marshall County County

Median Home Value
$196,081
↑ 5.4% year-over-year
vs. National Median
$410,000
Albion is 52% below
Est. Monthly Payment
$1,023/mo
20% down · 6.8% rate
Income Needed
$52K
gross annual (30% rule)
Median Home Value
$196,081
↑ 5.4% year-over-year
Down Payment (20%)$39,216
Monthly P&I$1,023/mo
With Taxes & Ins.~$1,299/mo
Income Needed$51,960/yr
Data SourceZillow ZHVI
Market Overview

Home Prices in Albion, IA

The median home value in Albion, IA is $196,081 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.4% compared to a year ago and down 1.4% from two years prior.

Compared to the U.S. national median of $410,000, homes in Albion are priced52% below average. Albion is part of the Marshalltown, IA metro area.

City Comparison

Albion vs. National Median

🏠 Albion
$196,081
National Median
$410,000

At $196,081, homes in Albion cost 52% below the national median of $410,000. This makes Albion a relatively affordable market for buyers seeking value.

Affordability

What Does It Cost to Buy in Albion?

20% Down Payment
$39,216
on $196,081
Monthly P&I
$1,023/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,299/mo
incl. taxes & insurance
Income Needed
$51,960
gross annual (30% rule)
10% Down Option
$19,608
+ PMI applies
Loan Amount (20% dn)
$156,865
at current rates

Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.

FAQ

Frequently Asked Questions

What is the average home price in Albion, IA?
The median home value in Albion is $196,081 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.4% year-over-year.
How much have home prices changed in Albion?
Over the past year, home values in Albion have increased by 5.4%.
How much do I need to earn to buy a home in Albion?
To comfortably afford the median home price of $196,081 with a 20% down payment ($39,216) at today's rates (6.8%), you'd need a gross annual income of approximately $51,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Albion compare to the national average home price?
The national median home value is approximately $410,000. At $196,081, homes in Albion are 52% below the national average.
What metro area is Albion part of?
Albion is part of the Marshalltown, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.