Market Overview
Home Prices in Indianola, IA
The median home value in Indianola, IA is $317,949 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3% compared to a year ago and up 2.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Indianola are priced22% below average. Indianola is part of the Des Moines-West Des Moines, IA metro area.
Over the past five years, Indianola home values have risen by approximately24.5%, reflecting strong long-term appreciation in this market.
Price History
Indianola Home Price Trend
City Comparison
Indianola vs. National Median
At $317,949, homes in Indianola cost 22% below the national median of $410,000. This makes Indianola a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Indianola?
20% Down Payment
$63,590
on $317,949
Monthly P&I
$1,658/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,106/mo
incl. taxes & insurance
Income Needed
$84,240
gross annual (30% rule)
10% Down Option
$31,795
+ PMI applies
Loan Amount (20% dn)
$254,359
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 Indianola, IA?
The median home value in Indianola is $317,949 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3% year-over-year.
How much have home prices changed in Indianola?
Over the past year, home values in Indianola have increased by 3%. Over five years, prices have risen approximately 24.5%.
How much do I need to earn to buy a home in Indianola?
To comfortably afford the median home price of $317,949 with a 20% down payment ($63,590) at today's rates (6.8%), you'd need a gross annual income of approximately $84,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Indianola compare to the national average home price?
The national median home value is approximately $410,000. At $317,949, homes in Indianola are 22% below the national average.
What metro area is Indianola part of?
Indianola is part of the Des Moines-West Des Moines, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.