Market Overview
Home Prices in Frederika, IA
The median home value in Frederika, IA is $102,290 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.6% compared to a year ago and down 6.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Frederika are priced75% below average. Frederika is part of the Waterloo-Cedar Falls, IA metro area.
Over the past five years, Frederika home values have fallen by approximately8.4%, reflecting softening conditions in this market.
Price History
Frederika Home Price Trend
City Comparison
Frederika vs. National Median
At $102,290, homes in Frederika cost 75% below the national median of $410,000. This makes Frederika a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Frederika?
20% Down Payment
$20,458
on $102,290
Monthly P&I
$533/mo
30-yr @ 6.8%
Total Monthly Est.
~$677/mo
incl. taxes & insurance
Income Needed
$27,080
gross annual (30% rule)
10% Down Option
$10,229
+ PMI applies
Loan Amount (20% dn)
$81,832
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 Frederika, IA?
The median home value in Frederika is $102,290 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.6% year-over-year.
How much have home prices changed in Frederika?
Over the past year, home values in Frederika have decreased by 0.6%. Over five years, prices have fallen approximately 8.4%.
How much do I need to earn to buy a home in Frederika?
To comfortably afford the median home price of $102,290 with a 20% down payment ($20,458) at today's rates (6.8%), you'd need a gross annual income of approximately $27,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Frederika compare to the national average home price?
The national median home value is approximately $410,000. At $102,290, homes in Frederika are 75% below the national average.
What metro area is Frederika part of?
Frederika is part of the Waterloo-Cedar Falls, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.