Market Overview
Home Prices in Homestead, IA
The median home value in Homestead, IA is $304,313 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.8% compared to a year ago and up 6.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Homestead are priced26% below average.
Over the past five years, Homestead home values have risen by approximately34.1%, reflecting strong long-term appreciation in this market.
Price History
Homestead Home Price Trend
2020
$203,420
$203K
—
2021
$226,852
$227K
+11.5%
2022
$259,308
$259K
+14.3%
2023
$260,694
$261K
+0.5%
2024
$270,556
$271K
+3.8%
2025
$287,566
$288K
+6.3%
2026
$304,313
$304K
+5.8%
City Comparison
Homestead vs. National Median
🏠 Homestead
$304,313
National Median
$410,000
At $304,313, homes in Homestead cost 26% below the national median of $410,000. This makes Homestead a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Homestead?
20% Down Payment
$60,863
on $304,313
Monthly P&I
$1,587/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,015/mo
incl. taxes & insurance
Income Needed
$80,600
gross annual (30% rule)
10% Down Option
$30,431
+ PMI applies
Loan Amount (20% dn)
$243,450
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 Homestead, IA?
The median home value in Homestead is $304,313 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.8% year-over-year.
How much have home prices changed in Homestead?
Over the past year, home values in Homestead have increased by 5.8%. Over five years, prices have risen approximately 34.1%.
How much do I need to earn to buy a home in Homestead?
To comfortably afford the median home price of $304,313 with a 20% down payment ($60,863) at today's rates (6.8%), you'd need a gross annual income of approximately $80,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Homestead compare to the national average home price?
The national median home value is approximately $410,000. At $304,313, homes in Homestead are 26% below the national average.