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📍 Gilman, IA · Zillow ZHVI · July 2026

Average Home Price in
Gilman, IA

Marshalltown, IA metro area · Marshall County County

Median Home Value
$280,240
↑ 16.4% year-over-year
vs. National Median
$410,000
Gilman is 32% below
Est. Monthly Payment
$1,462/mo
20% down · 6.8% rate
Income Needed
$74K
gross annual (30% rule)
Median Home Value
$280,240
↑ 16.4% year-over-year
Down Payment (20%)$56,048
Monthly P&I$1,462/mo
With Taxes & Ins.~$1,857/mo
Income Needed$74,280/yr
Data SourceZillow ZHVI
Market Overview

Home Prices in Gilman, IA

The median home value in Gilman, IA is $280,240 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 16.4% compared to a year ago and up 3.7% from two years prior.

Compared to the U.S. national median of $410,000, homes in Gilman are priced32% below average. Gilman is part of the Marshalltown, IA metro area.

City Comparison

Gilman vs. National Median

🏠 Gilman
$280,240
National Median
$410,000

At $280,240, homes in Gilman cost 32% below the national median of $410,000. This makes Gilman a relatively affordable market for buyers seeking value.

Affordability

What Does It Cost to Buy in Gilman?

20% Down Payment
$56,048
on $280,240
Monthly P&I
$1,462/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,857/mo
incl. taxes & insurance
Income Needed
$74,280
gross annual (30% rule)
10% Down Option
$28,024
+ PMI applies
Loan Amount (20% dn)
$224,192
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 Gilman, IA?
The median home value in Gilman is $280,240 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 16.4% year-over-year.
How much have home prices changed in Gilman?
Over the past year, home values in Gilman have increased by 16.4%.
How much do I need to earn to buy a home in Gilman?
To comfortably afford the median home price of $280,240 with a 20% down payment ($56,048) at today's rates (6.8%), you'd need a gross annual income of approximately $74,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Gilman compare to the national average home price?
The national median home value is approximately $410,000. At $280,240, homes in Gilman are 32% below the national average.
What metro area is Gilman part of?
Gilman is part of the Marshalltown, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.