Market Overview
Home Prices in Fort Madison, IA
The median home value in Fort Madison, IA is $115,851 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.9% compared to a year ago and down 2.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Fort Madison are priced72% below average. Fort Madison is part of the Fort Madison-Keokuk, IA-IL-MO metro area.
Over the past five years, Fort Madison home values have risen by approximately11.1%, reflecting steady appreciation in this market.
Price History
Fort Madison Home Price Trend
City Comparison
Fort Madison vs. National Median
At $115,851, homes in Fort Madison cost 72% below the national median of $410,000. This makes Fort Madison a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Fort Madison?
20% Down Payment
$23,170
on $115,851
Monthly P&I
$604/mo
30-yr @ 6.8%
Total Monthly Est.
~$767/mo
incl. taxes & insurance
Income Needed
$30,680
gross annual (30% rule)
10% Down Option
$11,585
+ PMI applies
Loan Amount (20% dn)
$92,681
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 Fort Madison, IA?
The median home value in Fort Madison is $115,851 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.9% year-over-year.
How much have home prices changed in Fort Madison?
Over the past year, home values in Fort Madison have increased by 0.9%. Over five years, prices have risen approximately 11.1%.
How much do I need to earn to buy a home in Fort Madison?
To comfortably afford the median home price of $115,851 with a 20% down payment ($23,170) at today's rates (6.8%), you'd need a gross annual income of approximately $30,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Fort Madison compare to the national average home price?
The national median home value is approximately $410,000. At $115,851, homes in Fort Madison are 72% below the national average.
What metro area is Fort Madison part of?
Fort Madison is part of the Fort Madison-Keokuk, IA-IL-MO metropolitan area. Home prices and market conditions can vary across the broader metro region.