Market Overview
Home Prices in Allerton, IA
The median home value in Allerton, IA is $203,423 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 11.9% compared to a year ago and up 2.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Allerton are priced50% below average.
Over the past five years, Allerton home values have risen by approximately41.8%, reflecting strong long-term appreciation in this market.
Price History
Allerton Home Price Trend
2020
$119,043
$119K
—
2021
$143,413
$143K
+20.5%
2022
$169,404
$169K
+18.1%
2023
$169,908
$170K
+0.3%
2024
$176,738
$177K
+4.0%
2025
$181,721
$182K
+2.8%
2026
$203,423
$203K
+11.9%
City Comparison
Allerton vs. National Median
🏠 Allerton
$203,423
National Median
$410,000
At $203,423, homes in Allerton cost 50% below the national median of $410,000. This makes Allerton a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Allerton?
20% Down Payment
$40,685
on $203,423
Monthly P&I
$1,061/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,347/mo
incl. taxes & insurance
Income Needed
$53,880
gross annual (30% rule)
10% Down Option
$20,342
+ PMI applies
Loan Amount (20% dn)
$162,738
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 Allerton, IA?
The median home value in Allerton is $203,423 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 11.9% year-over-year.
How much have home prices changed in Allerton?
Over the past year, home values in Allerton have increased by 11.9%. Over five years, prices have risen approximately 41.8%.
How much do I need to earn to buy a home in Allerton?
To comfortably afford the median home price of $203,423 with a 20% down payment ($40,685) at today's rates (6.8%), you'd need a gross annual income of approximately $53,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Allerton compare to the national average home price?
The national median home value is approximately $410,000. At $203,423, homes in Allerton are 50% below the national average.