Market Overview
Home Prices in Essex, IA
The median home value in Essex, IA is $191,444 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.5% 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 Essex are priced53% below average.
Over the past five years, Essex home values have risen by approximately35.8%, reflecting strong long-term appreciation in this market.
Price History
Essex Home Price Trend
2020
$126,571
$127K
—
2021
$141,003
$141K
+11.4%
2022
$160,728
$161K
+14.0%
2023
$169,062
$169K
+5.2%
2024
$177,022
$177K
+4.7%
2025
$181,536
$182K
+2.5%
2026
$191,444
$191K
+5.5%
City Comparison
Essex vs. National Median
🏠 Essex
$191,444
National Median
$410,000
At $191,444, homes in Essex cost 53% below the national median of $410,000. This makes Essex a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Essex?
20% Down Payment
$38,289
on $191,444
Monthly P&I
$998/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,267/mo
incl. taxes & insurance
Income Needed
$50,680
gross annual (30% rule)
10% Down Option
$19,144
+ PMI applies
Loan Amount (20% dn)
$153,155
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 Essex, IA?
The median home value in Essex is $191,444 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.5% year-over-year.
How much have home prices changed in Essex?
Over the past year, home values in Essex have increased by 5.5%. Over five years, prices have risen approximately 35.8%.
How much do I need to earn to buy a home in Essex?
To comfortably afford the median home price of $191,444 with a 20% down payment ($38,289) at today's rates (6.8%), you'd need a gross annual income of approximately $50,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Essex compare to the national average home price?
The national median home value is approximately $410,000. At $191,444, homes in Essex are 53% below the national average.