Market Overview
Home Prices in Gilbertville, IA
The median home value in Gilbertville, IA is $222,590 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.3% 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 Gilbertville are priced46% below average. Gilbertville is part of the Waterloo-Cedar Falls, IA metro area.
Over the past five years, Gilbertville home values have risen by approximately28.4%, reflecting strong long-term appreciation in this market.
Price History
Gilbertville Home Price Trend
City Comparison
Gilbertville vs. National Median
At $222,590, homes in Gilbertville cost 46% below the national median of $410,000. This makes Gilbertville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Gilbertville?
20% Down Payment
$44,518
on $222,590
Monthly P&I
$1,161/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,474/mo
incl. taxes & insurance
Income Needed
$58,960
gross annual (30% rule)
10% Down Option
$22,259
+ PMI applies
Loan Amount (20% dn)
$178,072
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 Gilbertville, IA?
The median home value in Gilbertville is $222,590 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.3% year-over-year.
How much have home prices changed in Gilbertville?
Over the past year, home values in Gilbertville have increased by 2.3%. Over five years, prices have risen approximately 28.4%.
How much do I need to earn to buy a home in Gilbertville?
To comfortably afford the median home price of $222,590 with a 20% down payment ($44,518) at today's rates (6.8%), you'd need a gross annual income of approximately $58,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Gilbertville compare to the national average home price?
The national median home value is approximately $410,000. At $222,590, homes in Gilbertville are 46% below the national average.
What metro area is Gilbertville part of?
Gilbertville is part of the Waterloo-Cedar Falls, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.