Market Overview
Home Prices in Boone, IA
The median home value in Boone, IA is $216,918 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.1% compared to a year ago and up 4.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Boone are priced47% below average. Boone is part of the Ames, IA metro area.
Over the past five years, Boone home values have risen by approximately27.2%, reflecting strong long-term appreciation in this market.
Price History
Boone Home Price Trend
2020
$152,758
$153K
—
2021
$170,500
$171K
+11.6%
2022
$189,463
$189K
+11.1%
2023
$194,157
$194K
+2.5%
2024
$202,042
$202K
+4.1%
2025
$210,398
$210K
+4.1%
2026
$216,918
$217K
+3.1%
City Comparison
Boone vs. National Median
🏠 Boone
$216,918
National Median
$410,000
At $216,918, homes in Boone cost 47% below the national median of $410,000. This makes Boone a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Boone?
20% Down Payment
$43,384
on $216,918
Monthly P&I
$1,131/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,436/mo
incl. taxes & insurance
Income Needed
$57,440
gross annual (30% rule)
10% Down Option
$21,692
+ PMI applies
Loan Amount (20% dn)
$173,534
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 Boone, IA?
The median home value in Boone is $216,918 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.1% year-over-year.
How much have home prices changed in Boone?
Over the past year, home values in Boone have increased by 3.1%. Over five years, prices have risen approximately 27.2%.
How much do I need to earn to buy a home in Boone?
To comfortably afford the median home price of $216,918 with a 20% down payment ($43,384) at today's rates (6.8%), you'd need a gross annual income of approximately $57,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Boone compare to the national average home price?
The national median home value is approximately $410,000. At $216,918, homes in Boone are 47% below the national average.
What metro area is Boone part of?
Boone is part of the Ames, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.