Market Overview
Home Prices in Hills, IA
The median home value in Hills, IA is $247,092 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 4.6% compared to a year ago and up 1.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hills are priced40% below average. Hills is part of the Iowa City, IA metro area.
Over the past five years, Hills home values have risen by approximately18.6%, reflecting steady appreciation in this market.
Price History
Hills Home Price Trend
2020
$196,380
$196K
—
2021
$208,258
$208K
+6.0%
2022
$228,588
$229K
+9.8%
2023
$248,066
$248K
+8.5%
2024
$256,172
$256K
+3.3%
2025
$259,132
$259K
+1.2%
2026
$247,092
$247K
-4.6%
City Comparison
Hills vs. National Median
🏠 Hills
$247,092
National Median
$410,000
At $247,092, homes in Hills cost 40% below the national median of $410,000. This makes Hills a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Hills?
20% Down Payment
$49,418
on $247,092
Monthly P&I
$1,289/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,637/mo
incl. taxes & insurance
Income Needed
$65,480
gross annual (30% rule)
10% Down Option
$24,709
+ PMI applies
Loan Amount (20% dn)
$197,674
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 Hills, IA?
The median home value in Hills is $247,092 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 4.6% year-over-year.
How much have home prices changed in Hills?
Over the past year, home values in Hills have decreased by 4.6%. Over five years, prices have risen approximately 18.6%.
How much do I need to earn to buy a home in Hills?
To comfortably afford the median home price of $247,092 with a 20% down payment ($49,418) at today's rates (6.8%), you'd need a gross annual income of approximately $65,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Hills compare to the national average home price?
The national median home value is approximately $410,000. At $247,092, homes in Hills are 40% below the national average.
What metro area is Hills part of?
Hills is part of the Iowa City, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.