Market Overview
Home Prices in Bennett, IA
The median home value in Bennett, IA is $245,035 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 10.6% compared to a year ago and up 4.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Bennett are priced40% below average.
Over the past five years, Bennett home values have risen by approximately40.5%, reflecting strong long-term appreciation in this market.
Price History
Bennett Home Price Trend
2020
$154,784
$155K
—
2021
$174,441
$174K
+12.7%
2022
$201,322
$201K
+15.4%
2023
$202,824
$203K
+0.7%
2024
$212,265
$212K
+4.7%
2025
$221,565
$222K
+4.4%
2026
$245,035
$245K
+10.6%
City Comparison
Bennett vs. National Median
🏠 Bennett
$245,035
National Median
$410,000
At $245,035, homes in Bennett cost 40% below the national median of $410,000. This makes Bennett a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Bennett?
20% Down Payment
$49,007
on $245,035
Monthly P&I
$1,278/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,623/mo
incl. taxes & insurance
Income Needed
$64,920
gross annual (30% rule)
10% Down Option
$24,504
+ PMI applies
Loan Amount (20% dn)
$196,028
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 Bennett, IA?
The median home value in Bennett is $245,035 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 10.6% year-over-year.
How much have home prices changed in Bennett?
Over the past year, home values in Bennett have increased by 10.6%. Over five years, prices have risen approximately 40.5%.
How much do I need to earn to buy a home in Bennett?
To comfortably afford the median home price of $245,035 with a 20% down payment ($49,007) at today's rates (6.8%), you'd need a gross annual income of approximately $64,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Bennett compare to the national average home price?
The national median home value is approximately $410,000. At $245,035, homes in Bennett are 40% below the national average.