Market Overview
Home Prices in Allison, IA
The median home value in Allison, IA is $172,047 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.8% compared to a year ago and up 3.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Allison are priced58% below average.
Over the past five years, Allison home values have risen by approximately32.8%, reflecting strong long-term appreciation in this market.
Price History
Allison Home Price Trend
2020
$118,138
$118K
—
2021
$129,564
$130K
+9.7%
2022
$151,556
$152K
+17.0%
2023
$156,281
$156K
+3.1%
2024
$159,281
$159K
+1.9%
2025
$164,159
$164K
+3.1%
2026
$172,047
$172K
+4.8%
City Comparison
Allison vs. National Median
🏠 Allison
$172,047
National Median
$410,000
At $172,047, homes in Allison cost 58% below the national median of $410,000. This makes Allison a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Allison?
20% Down Payment
$34,409
on $172,047
Monthly P&I
$897/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,139/mo
incl. taxes & insurance
Income Needed
$45,560
gross annual (30% rule)
10% Down Option
$17,205
+ PMI applies
Loan Amount (20% dn)
$137,638
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 Allison, IA?
The median home value in Allison is $172,047 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.8% year-over-year.
How much have home prices changed in Allison?
Over the past year, home values in Allison have increased by 4.8%. Over five years, prices have risen approximately 32.8%.
How much do I need to earn to buy a home in Allison?
To comfortably afford the median home price of $172,047 with a 20% down payment ($34,409) at today's rates (6.8%), you'd need a gross annual income of approximately $45,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Allison compare to the national average home price?
The national median home value is approximately $410,000. At $172,047, homes in Allison are 58% below the national average.