Market Overview
Home Prices in Decorah, IA
The median home value in Decorah, IA is $314,921 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.8% compared to a year ago and up 5.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Decorah are priced23% below average.
Over the past five years, Decorah home values have risen by approximately34.1%, reflecting strong long-term appreciation in this market.
Price History
Decorah Home Price Trend
2020
$207,651
$208K
—
2021
$234,808
$235K
+13.1%
2022
$270,174
$270K
+15.1%
2023
$273,380
$273K
+1.2%
2024
$287,088
$287K
+5.0%
2025
$303,432
$303K
+5.7%
2026
$314,921
$315K
+3.8%
City Comparison
Decorah vs. National Median
🏠 Decorah
$314,921
National Median
$410,000
At $314,921, homes in Decorah cost 23% below the national median of $410,000. This makes Decorah a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Decorah?
20% Down Payment
$62,984
on $314,921
Monthly P&I
$1,642/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,085/mo
incl. taxes & insurance
Income Needed
$83,400
gross annual (30% rule)
10% Down Option
$31,492
+ PMI applies
Loan Amount (20% dn)
$251,937
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 Decorah, IA?
The median home value in Decorah is $314,921 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.8% year-over-year.
How much have home prices changed in Decorah?
Over the past year, home values in Decorah have increased by 3.8%. Over five years, prices have risen approximately 34.1%.
How much do I need to earn to buy a home in Decorah?
To comfortably afford the median home price of $314,921 with a 20% down payment ($62,984) at today's rates (6.8%), you'd need a gross annual income of approximately $83,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Decorah compare to the national average home price?
The national median home value is approximately $410,000. At $314,921, homes in Decorah are 23% below the national average.