Market Overview
Home Prices in Chelsea, IA
The median home value in Chelsea, IA is $245,096 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 14.2% 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 Chelsea are priced40% below average.
Over the past five years, Chelsea home values have risen by approximately48.1%, reflecting strong long-term appreciation in this market.
Price History
Chelsea Home Price Trend
2020
$136,781
$137K
—
2021
$165,548
$166K
+21.0%
2022
$192,987
$193K
+16.6%
2023
$191,513
$192K
-0.8%
2024
$206,157
$206K
+7.6%
2025
$214,644
$215K
+4.1%
2026
$245,096
$245K
+14.2%
City Comparison
Chelsea vs. National Median
🏠 Chelsea
$245,096
National Median
$410,000
At $245,096, homes in Chelsea cost 40% below the national median of $410,000. This makes Chelsea a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Chelsea?
20% Down Payment
$49,019
on $245,096
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
$24,510
+ PMI applies
Loan Amount (20% dn)
$196,077
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 Chelsea, IA?
The median home value in Chelsea is $245,096 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 14.2% year-over-year.
How much have home prices changed in Chelsea?
Over the past year, home values in Chelsea have increased by 14.2%. Over five years, prices have risen approximately 48.1%.
How much do I need to earn to buy a home in Chelsea?
To comfortably afford the median home price of $245,096 with a 20% down payment ($49,019) 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 Chelsea compare to the national average home price?
The national median home value is approximately $410,000. At $245,096, homes in Chelsea are 40% below the national average.