Market Overview
Home Prices in Correctionville, IA
The median home value in Correctionville, IA is $171,064 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.4% compared to a year ago and up 2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Correctionville are priced58% below average. Correctionville is part of the Sioux City, IA-NE-SD metro area.
Over the past five years, Correctionville home values have risen by approximately31.2%, reflecting strong long-term appreciation in this market.
Price History
Correctionville Home Price Trend
City Comparison
Correctionville vs. National Median
At $171,064, homes in Correctionville cost 58% below the national median of $410,000. This makes Correctionville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Correctionville?
20% Down Payment
$34,213
on $171,064
Monthly P&I
$892/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,133/mo
incl. taxes & insurance
Income Needed
$45,320
gross annual (30% rule)
10% Down Option
$17,106
+ PMI applies
Loan Amount (20% dn)
$136,851
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 Correctionville, IA?
The median home value in Correctionville is $171,064 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.4% year-over-year.
How much have home prices changed in Correctionville?
Over the past year, home values in Correctionville have increased by 5.4%. Over five years, prices have risen approximately 31.2%.
How much do I need to earn to buy a home in Correctionville?
To comfortably afford the median home price of $171,064 with a 20% down payment ($34,213) at today's rates (6.8%), you'd need a gross annual income of approximately $45,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Correctionville compare to the national average home price?
The national median home value is approximately $410,000. At $171,064, homes in Correctionville are 58% below the national average.
What metro area is Correctionville part of?
Correctionville is part of the Sioux City, IA-NE-SD metropolitan area. Home prices and market conditions can vary across the broader metro region.