Home›Iowa›Gilmore City
📍 Gilmore City, IA · Zillow ZHVI · July 2026

Average Home Price in
Gilmore City, IA

Humboldt County County

Median Home Value
$59,461
↓ 17.8% year-over-year
vs. National Median
$410,000
Gilmore City is 85% below
Est. Monthly Payment
$310/mo
20% down · 6.8% rate
Income Needed
$16K
gross annual (30% rule)
Median Home Value
$59,461
↓ 17.8% year-over-year
Down Payment (20%)$11,892
Monthly P&I$310/mo
With Taxes & Ins.~$394/mo
Income Needed$15,760/yr
Data SourceZillow ZHVI
Market Overview

Home Prices in Gilmore City, IA

The median home value in Gilmore City, IA is $59,461 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 17.8% compared to a year ago and up 1.4% from two years prior.

Compared to the U.S. national median of $410,000, homes in Gilmore City are priced85% below average.

City Comparison

Gilmore City vs. National Median

🏠 Gilmore City
$59,461
National Median
$410,000

At $59,461, homes in Gilmore City cost 85% below the national median of $410,000. This makes Gilmore City a relatively affordable market for buyers seeking value.

Affordability

What Does It Cost to Buy in Gilmore City?

20% Down Payment
$11,892
on $59,461
Monthly P&I
$310/mo
30-yr @ 6.8%
Total Monthly Est.
~$394/mo
incl. taxes & insurance
Income Needed
$15,760
gross annual (30% rule)
10% Down Option
$5,946
+ PMI applies
Loan Amount (20% dn)
$47,569
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 Gilmore City, IA?
The median home value in Gilmore City is $59,461 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 17.8% year-over-year.
How much have home prices changed in Gilmore City?
Over the past year, home values in Gilmore City have decreased by 17.8%.
How much do I need to earn to buy a home in Gilmore City?
To comfortably afford the median home price of $59,461 with a 20% down payment ($11,892) at today's rates (6.8%), you'd need a gross annual income of approximately $15,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Gilmore City compare to the national average home price?
The national median home value is approximately $410,000. At $59,461, homes in Gilmore City are 85% below the national average.