Market Overview
Home Prices in Collins, IA
The median home value in Collins, IA is $281,536 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.7% 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 Collins are priced31% below average. Collins is part of the Ames, IA metro area.
Over the past five years, Collins home values have risen by approximately38.8%, reflecting strong long-term appreciation in this market.
Price History
Collins Home Price Trend
City Comparison
Collins vs. National Median
At $281,536, homes in Collins cost 31% below the national median of $410,000. This makes Collins a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Collins?
20% Down Payment
$56,307
on $281,536
Monthly P&I
$1,468/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,864/mo
incl. taxes & insurance
Income Needed
$74,560
gross annual (30% rule)
10% Down Option
$28,154
+ PMI applies
Loan Amount (20% dn)
$225,229
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 Collins, IA?
The median home value in Collins is $281,536 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.7% year-over-year.
How much have home prices changed in Collins?
Over the past year, home values in Collins have increased by 5.7%. Over five years, prices have risen approximately 38.8%.
How much do I need to earn to buy a home in Collins?
To comfortably afford the median home price of $281,536 with a 20% down payment ($56,307) at today's rates (6.8%), you'd need a gross annual income of approximately $74,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Collins compare to the national average home price?
The national median home value is approximately $410,000. At $281,536, homes in Collins are 31% below the national average.
What metro area is Collins part of?
Collins is part of the Ames, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.