Market Overview
Home Prices in Carter Lake, IA
The median home value in Carter Lake, IA is $213,281 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.2% compared to a year ago and up 4.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Carter Lake are priced48% below average. Carter Lake is part of the Omaha-Council Bluffs, NE-IA metro area.
Over the past five years, Carter Lake home values have risen by approximately37.9%, reflecting strong long-term appreciation in this market.
Price History
Carter Lake Home Price Trend
City Comparison
Carter Lake vs. National Median
At $213,281, homes in Carter Lake cost 48% below the national median of $410,000. This makes Carter Lake a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Carter Lake?
20% Down Payment
$42,656
on $213,281
Monthly P&I
$1,112/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,412/mo
incl. taxes & insurance
Income Needed
$56,480
gross annual (30% rule)
10% Down Option
$21,328
+ PMI applies
Loan Amount (20% dn)
$170,625
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 Carter Lake, IA?
The median home value in Carter Lake is $213,281 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.2% year-over-year.
How much have home prices changed in Carter Lake?
Over the past year, home values in Carter Lake have increased by 4.2%. Over five years, prices have risen approximately 37.9%.
How much do I need to earn to buy a home in Carter Lake?
To comfortably afford the median home price of $213,281 with a 20% down payment ($42,656) at today's rates (6.8%), you'd need a gross annual income of approximately $56,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Carter Lake compare to the national average home price?
The national median home value is approximately $410,000. At $213,281, homes in Carter Lake are 48% below the national average.
What metro area is Carter Lake part of?
Carter Lake is part of the Omaha-Council Bluffs, NE-IA metropolitan area. Home prices and market conditions can vary across the broader metro region.