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📍 Grand River, IA · Zillow ZHVI · July 2026

Average Home Price in
Grand River, IA

Decatur County County

Median Home Value
$199,449
↑ 17.7% year-over-year
vs. National Median
$410,000
Grand River is 51% below
Est. Monthly Payment
$1,040/mo
20% down · 6.8% rate
Income Needed
$53K
gross annual (30% rule)
Median Home Value
$199,449
↑ 17.7% year-over-year
Down Payment (20%)$39,890
Monthly P&I$1,040/mo
With Taxes & Ins.~$1,321/mo
Income Needed$52,840/yr
Data SourceZillow ZHVI
Market Overview

Home Prices in Grand River, IA

The median home value in Grand River, IA is $199,449 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 17.7% compared to a year ago and up 0.3% from two years prior.

Compared to the U.S. national median of $410,000, homes in Grand River are priced51% below average.

City Comparison

Grand River vs. National Median

🏠 Grand River
$199,449
National Median
$410,000

At $199,449, homes in Grand River cost 51% below the national median of $410,000. This makes Grand River a relatively affordable market for buyers seeking value.

Affordability

What Does It Cost to Buy in Grand River?

20% Down Payment
$39,890
on $199,449
Monthly P&I
$1,040/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,321/mo
incl. taxes & insurance
Income Needed
$52,840
gross annual (30% rule)
10% Down Option
$19,945
+ PMI applies
Loan Amount (20% dn)
$159,559
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 Grand River, IA?
The median home value in Grand River is $199,449 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 17.7% year-over-year.
How much have home prices changed in Grand River?
Over the past year, home values in Grand River have increased by 17.7%.
How much do I need to earn to buy a home in Grand River?
To comfortably afford the median home price of $199,449 with a 20% down payment ($39,890) at today's rates (6.8%), you'd need a gross annual income of approximately $52,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Grand River compare to the national average home price?
The national median home value is approximately $410,000. At $199,449, homes in Grand River are 51% below the national average.