Market Overview
Home Prices in Elliott, IA
The median home value in Elliott, IA is $164,980 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.6% compared to a year ago and up 2.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Elliott are priced60% below average. Elliott is part of the Omaha-Council Bluffs, NE-IA metro area.
Over the past five years, Elliott home values have risen by approximately27.6%, reflecting strong long-term appreciation in this market.
Price History
Elliott Home Price Trend
City Comparison
Elliott vs. National Median
At $164,980, homes in Elliott cost 60% below the national median of $410,000. This makes Elliott a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Elliott?
20% Down Payment
$32,996
on $164,980
Monthly P&I
$860/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,092/mo
incl. taxes & insurance
Income Needed
$43,680
gross annual (30% rule)
10% Down Option
$16,498
+ PMI applies
Loan Amount (20% dn)
$131,984
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 Elliott, IA?
The median home value in Elliott is $164,980 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.6% year-over-year.
How much have home prices changed in Elliott?
Over the past year, home values in Elliott have decreased by 1.6%. Over five years, prices have risen approximately 27.6%.
How much do I need to earn to buy a home in Elliott?
To comfortably afford the median home price of $164,980 with a 20% down payment ($32,996) at today's rates (6.8%), you'd need a gross annual income of approximately $43,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Elliott compare to the national average home price?
The national median home value is approximately $410,000. At $164,980, homes in Elliott are 60% below the national average.
What metro area is Elliott part of?
Elliott is part of the Omaha-Council Bluffs, NE-IA metropolitan area. Home prices and market conditions can vary across the broader metro region.