Market Overview
Home Prices in Algona, IA
The median home value in Algona, IA is $188,376 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.9% compared to a year ago and up 3.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Algona are priced54% below average.
Over the past five years, Algona home values have risen by approximately21.9%, reflecting strong long-term appreciation in this market.
Price History
Algona Home Price Trend
2020
$142,079
$142K
—
2021
$154,498
$154K
+8.7%
2022
$174,325
$174K
+12.8%
2023
$175,301
$175K
+0.6%
2024
$178,802
$179K
+2.0%
2025
$184,852
$185K
+3.4%
2026
$188,376
$188K
+1.9%
City Comparison
Algona vs. National Median
🏠 Algona
$188,376
National Median
$410,000
At $188,376, homes in Algona cost 54% below the national median of $410,000. This makes Algona a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Algona?
20% Down Payment
$37,675
on $188,376
Monthly P&I
$982/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,247/mo
incl. taxes & insurance
Income Needed
$49,880
gross annual (30% rule)
10% Down Option
$18,838
+ PMI applies
Loan Amount (20% dn)
$150,701
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 Algona, IA?
The median home value in Algona is $188,376 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.9% year-over-year.
How much have home prices changed in Algona?
Over the past year, home values in Algona have increased by 1.9%. Over five years, prices have risen approximately 21.9%.
How much do I need to earn to buy a home in Algona?
To comfortably afford the median home price of $188,376 with a 20% down payment ($37,675) at today's rates (6.8%), you'd need a gross annual income of approximately $49,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Algona compare to the national average home price?
The national median home value is approximately $410,000. At $188,376, homes in Algona are 54% below the national average.