Market Overview
Home Prices in Alexander, IA
The median home value in Alexander, IA is $184,036 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9.4% compared to a year ago and up 7.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Alexander are priced55% below average.
Over the past five years, Alexander home values have risen by approximately31.6%, reflecting strong long-term appreciation in this market.
Price History
Alexander Home Price Trend
2020
$123,478
$123K
—
2021
$139,792
$140K
+13.2%
2022
$157,549
$158K
+12.7%
2023
$150,122
$150K
-4.7%
2024
$156,565
$157K
+4.3%
2025
$168,277
$168K
+7.5%
2026
$184,036
$184K
+9.4%
City Comparison
Alexander vs. National Median
🏠 Alexander
$184,036
National Median
$410,000
At $184,036, homes in Alexander cost 55% below the national median of $410,000. This makes Alexander a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Alexander?
20% Down Payment
$36,807
on $184,036
Monthly P&I
$960/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,219/mo
incl. taxes & insurance
Income Needed
$48,760
gross annual (30% rule)
10% Down Option
$18,404
+ PMI applies
Loan Amount (20% dn)
$147,229
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 Alexander, IA?
The median home value in Alexander is $184,036 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9.4% year-over-year.
How much have home prices changed in Alexander?
Over the past year, home values in Alexander have increased by 9.4%. Over five years, prices have risen approximately 31.6%.
How much do I need to earn to buy a home in Alexander?
To comfortably afford the median home price of $184,036 with a 20% down payment ($36,807) at today's rates (6.8%), you'd need a gross annual income of approximately $48,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Alexander compare to the national average home price?
The national median home value is approximately $410,000. At $184,036, homes in Alexander are 55% below the national average.