Market Overview
Home Prices in Elkader, IA
The median home value in Elkader, IA is $170,051 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 12.1% compared to a year ago and up 6.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Elkader are priced59% below average.
Over the past five years, Elkader home values have risen by approximately44.1%, reflecting strong long-term appreciation in this market.
Price History
Elkader Home Price Trend
2020
$105,600
$106K
—
2021
$118,013
$118K
+11.8%
2022
$132,524
$133K
+12.3%
2023
$137,483
$137K
+3.7%
2024
$142,871
$143K
+3.9%
2025
$151,631
$152K
+6.1%
2026
$170,051
$170K
+12.1%
City Comparison
Elkader vs. National Median
🏠 Elkader
$170,051
National Median
$410,000
At $170,051, homes in Elkader cost 59% below the national median of $410,000. This makes Elkader a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Elkader?
20% Down Payment
$34,010
on $170,051
Monthly P&I
$887/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,126/mo
incl. taxes & insurance
Income Needed
$45,040
gross annual (30% rule)
10% Down Option
$17,005
+ PMI applies
Loan Amount (20% dn)
$136,041
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 Elkader, IA?
The median home value in Elkader is $170,051 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 12.1% year-over-year.
How much have home prices changed in Elkader?
Over the past year, home values in Elkader have increased by 12.1%. Over five years, prices have risen approximately 44.1%.
How much do I need to earn to buy a home in Elkader?
To comfortably afford the median home price of $170,051 with a 20% down payment ($34,010) at today's rates (6.8%), you'd need a gross annual income of approximately $45,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Elkader compare to the national average home price?
The national median home value is approximately $410,000. At $170,051, homes in Elkader are 59% below the national average.