Market Overview
Home Prices in Elk Run Heights, IA
The median home value in Elk Run Heights, IA is $203,221 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.2% compared to a year ago and up 5.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Elk Run Heights are priced50% below average. Elk Run Heights is part of the Waterloo-Cedar Falls, IA metro area.
Over the past five years, Elk Run Heights home values have risen by approximately30.4%, reflecting strong long-term appreciation in this market.
Price History
Elk Run Heights Home Price Trend
City Comparison
Elk Run Heights vs. National Median
At $203,221, homes in Elk Run Heights cost 50% below the national median of $410,000. This makes Elk Run Heights a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Elk Run Heights?
20% Down Payment
$40,644
on $203,221
Monthly P&I
$1,060/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,346/mo
incl. taxes & insurance
Income Needed
$53,840
gross annual (30% rule)
10% Down Option
$20,322
+ PMI applies
Loan Amount (20% dn)
$162,577
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 Elk Run Heights, IA?
The median home value in Elk Run Heights is $203,221 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.2% year-over-year.
How much have home prices changed in Elk Run Heights?
Over the past year, home values in Elk Run Heights have increased by 2.2%. Over five years, prices have risen approximately 30.4%.
How much do I need to earn to buy a home in Elk Run Heights?
To comfortably afford the median home price of $203,221 with a 20% down payment ($40,644) at today's rates (6.8%), you'd need a gross annual income of approximately $53,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Elk Run Heights compare to the national average home price?
The national median home value is approximately $410,000. At $203,221, homes in Elk Run Heights are 50% below the national average.
What metro area is Elk Run Heights part of?
Elk Run Heights is part of the Waterloo-Cedar Falls, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.