Market Overview
Home Prices in Blakesburg, IA
The median home value in Blakesburg, IA is $249,050 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9.2% compared to a year ago and up 3.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Blakesburg are priced39% below average. Blakesburg is part of the Ottumwa, IA metro area.
Over the past five years, Blakesburg home values have risen by approximately50.6%, reflecting strong long-term appreciation in this market.
Price History
Blakesburg Home Price Trend
City Comparison
Blakesburg vs. National Median
At $249,050, homes in Blakesburg cost 39% below the national median of $410,000. This makes Blakesburg a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Blakesburg?
20% Down Payment
$49,810
on $249,050
Monthly P&I
$1,299/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,650/mo
incl. taxes & insurance
Income Needed
$66,000
gross annual (30% rule)
10% Down Option
$24,905
+ PMI applies
Loan Amount (20% dn)
$199,240
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 Blakesburg, IA?
The median home value in Blakesburg is $249,050 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9.2% year-over-year.
How much have home prices changed in Blakesburg?
Over the past year, home values in Blakesburg have increased by 9.2%. Over five years, prices have risen approximately 50.6%.
How much do I need to earn to buy a home in Blakesburg?
To comfortably afford the median home price of $249,050 with a 20% down payment ($49,810) at today's rates (6.8%), you'd need a gross annual income of approximately $66,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Blakesburg compare to the national average home price?
The national median home value is approximately $410,000. At $249,050, homes in Blakesburg are 39% below the national average.
What metro area is Blakesburg part of?
Blakesburg is part of the Ottumwa, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.