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📍 Drakesville, IA · Zillow ZHVI · July 2026

Average Home Price in
Drakesville, IA

Davis County County

Median Home Value
$258,312
↑ 4.3% year-over-year
vs. National Median
$410,000
Drakesville is 37% below
Est. Monthly Payment
$1,347/mo
20% down · 6.8% rate
Income Needed
$68K
gross annual (30% rule)
Median Home Value
$258,312
↑ 4.3% year-over-year
Down Payment (20%)$51,662
Monthly P&I$1,347/mo
With Taxes & Ins.~$1,711/mo
Income Needed$68,440/yr
Data SourceZillow ZHVI
Market Overview

Home Prices in Drakesville, IA

The median home value in Drakesville, IA is $258,312 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.3% compared to a year ago and up 2.6% from two years prior.

Compared to the U.S. national median of $410,000, homes in Drakesville are priced37% below average.

City Comparison

Drakesville vs. National Median

🏠 Drakesville
$258,312
National Median
$410,000

At $258,312, homes in Drakesville cost 37% below the national median of $410,000. This makes Drakesville a relatively affordable market for buyers seeking value.

Affordability

What Does It Cost to Buy in Drakesville?

20% Down Payment
$51,662
on $258,312
Monthly P&I
$1,347/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,711/mo
incl. taxes & insurance
Income Needed
$68,440
gross annual (30% rule)
10% Down Option
$25,831
+ PMI applies
Loan Amount (20% dn)
$206,650
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 Drakesville, IA?
The median home value in Drakesville is $258,312 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.3% year-over-year.
How much have home prices changed in Drakesville?
Over the past year, home values in Drakesville have increased by 4.3%.
How much do I need to earn to buy a home in Drakesville?
To comfortably afford the median home price of $258,312 with a 20% down payment ($51,662) at today's rates (6.8%), you'd need a gross annual income of approximately $68,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Drakesville compare to the national average home price?
The national median home value is approximately $410,000. At $258,312, homes in Drakesville are 37% below the national average.