Market Overview
Home Prices in Eldon, IA
The median home value in Eldon, IA is $114,750 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.1% compared to a year ago and down 1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Eldon are priced72% below average. Eldon is part of the Ottumwa, IA metro area.
Over the past five years, Eldon home values have risen by approximately23.8%, reflecting strong long-term appreciation in this market.
Price History
Eldon Home Price Trend
2020
$86,779
$87K
—
2021
$92,672
$93K
+6.8%
2022
$108,074
$108K
+16.6%
2023
$110,127
$110K
+1.9%
2024
$118,441
$118K
+7.5%
2025
$117,248
$117K
-1.0%
2026
$114,750
$115K
-2.1%
City Comparison
Eldon vs. National Median
🏠 Eldon
$114,750
National Median
$410,000
At $114,750, homes in Eldon cost 72% below the national median of $410,000. This makes Eldon a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Eldon?
20% Down Payment
$22,950
on $114,750
Monthly P&I
$598/mo
30-yr @ 6.8%
Total Monthly Est.
~$759/mo
incl. taxes & insurance
Income Needed
$30,360
gross annual (30% rule)
10% Down Option
$11,475
+ PMI applies
Loan Amount (20% dn)
$91,800
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 Eldon, IA?
The median home value in Eldon is $114,750 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.1% year-over-year.
How much have home prices changed in Eldon?
Over the past year, home values in Eldon have decreased by 2.1%. Over five years, prices have risen approximately 23.8%.
How much do I need to earn to buy a home in Eldon?
To comfortably afford the median home price of $114,750 with a 20% down payment ($22,950) at today's rates (6.8%), you'd need a gross annual income of approximately $30,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Eldon compare to the national average home price?
The national median home value is approximately $410,000. At $114,750, homes in Eldon are 72% below the national average.
What metro area is Eldon part of?
Eldon is part of the Ottumwa, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.