Market Overview
Home Prices in Conrad, IA
The median home value in Conrad, IA is $181,575 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.2% compared to a year ago and up 5.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Conrad are priced56% below average. Conrad is part of the Waterloo-Cedar Falls, IA metro area.
Over the past five years, Conrad home values have risen by approximately31.5%, reflecting strong long-term appreciation in this market.
Price History
Conrad Home Price Trend
City Comparison
Conrad vs. National Median
At $181,575, homes in Conrad cost 56% below the national median of $410,000. This makes Conrad a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Conrad?
20% Down Payment
$36,315
on $181,575
Monthly P&I
$947/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,203/mo
incl. taxes & insurance
Income Needed
$48,120
gross annual (30% rule)
10% Down Option
$18,158
+ PMI applies
Loan Amount (20% dn)
$145,260
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 Conrad, IA?
The median home value in Conrad is $181,575 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.2% year-over-year.
How much have home prices changed in Conrad?
Over the past year, home values in Conrad have increased by 0.2%. Over five years, prices have risen approximately 31.5%.
How much do I need to earn to buy a home in Conrad?
To comfortably afford the median home price of $181,575 with a 20% down payment ($36,315) at today's rates (6.8%), you'd need a gross annual income of approximately $48,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Conrad compare to the national average home price?
The national median home value is approximately $410,000. At $181,575, homes in Conrad are 56% below the national average.
What metro area is Conrad part of?
Conrad is part of the Waterloo-Cedar Falls, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.