Market Overview
Home Prices in Iowa City, IA
The median home value in Iowa City, IA is $305,697 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.4% compared to a year ago and up 3.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Iowa City are priced25% below average. Iowa City is part of the Iowa City, IA metro area.
Over the past five years, Iowa City home values have risen by approximately25.9%, reflecting strong long-term appreciation in this market.
Price History
Iowa City Home Price Trend
City Comparison
Iowa City vs. National Median
At $305,697, homes in Iowa City cost 25% below the national median of $410,000. This makes Iowa City a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Iowa City?
20% Down Payment
$61,139
on $305,697
Monthly P&I
$1,594/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,024/mo
incl. taxes & insurance
Income Needed
$80,960
gross annual (30% rule)
10% Down Option
$30,570
+ PMI applies
Loan Amount (20% dn)
$244,558
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 Iowa City, IA?
The median home value in Iowa City is $305,697 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.4% year-over-year.
How much have home prices changed in Iowa City?
Over the past year, home values in Iowa City have increased by 4.4%. Over five years, prices have risen approximately 25.9%.
How much do I need to earn to buy a home in Iowa City?
To comfortably afford the median home price of $305,697 with a 20% down payment ($61,139) at today's rates (6.8%), you'd need a gross annual income of approximately $80,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Iowa City compare to the national average home price?
The national median home value is approximately $410,000. At $305,697, homes in Iowa City are 25% below the national average.
What metro area is Iowa City part of?
Iowa City is part of the Iowa City, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.