Market Overview
Home Prices in Alleman, IA
The median home value in Alleman, IA is $391,054 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.5% compared to a year ago and up 1.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Alleman are priced5% below average. Alleman is part of the Des Moines-West Des Moines, IA metro area.
Over the past five years, Alleman home values have risen by approximately21.8%, reflecting strong long-term appreciation in this market.
Price History
Alleman Home Price Trend
City Comparison
Alleman vs. National Median
At $391,054, homes in Alleman cost 5% below the national median of $410,000. This makes Alleman a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Alleman?
20% Down Payment
$78,211
on $391,054
Monthly P&I
$2,040/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,591/mo
incl. taxes & insurance
Income Needed
$103,640
gross annual (30% rule)
10% Down Option
$39,105
+ PMI applies
Loan Amount (20% dn)
$312,843
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 Alleman, IA?
The median home value in Alleman is $391,054 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.5% year-over-year.
How much have home prices changed in Alleman?
Over the past year, home values in Alleman have increased by 6.5%. Over five years, prices have risen approximately 21.8%.
How much do I need to earn to buy a home in Alleman?
To comfortably afford the median home price of $391,054 with a 20% down payment ($78,211) at today's rates (6.8%), you'd need a gross annual income of approximately $103,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Alleman compare to the national average home price?
The national median home value is approximately $410,000. At $391,054, homes in Alleman are 5% below the national average.
What metro area is Alleman part of?
Alleman is part of the Des Moines-West Des Moines, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.