Market Overview
Home Prices in Iowa Falls, IA
The median home value in Iowa Falls, IA is $136,392 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.2% compared to a year ago and up 2.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Iowa Falls are priced67% below average.
Over the past five years, Iowa Falls home values have risen by approximately13.5%, reflecting steady appreciation in this market.
Price History
Iowa Falls Home Price Trend
2020
$105,248
$105K
—
2021
$120,135
$120K
+14.1%
2022
$129,081
$129K
+7.4%
2023
$129,857
$130K
+0.6%
2024
$131,500
$132K
+1.3%
2025
$134,751
$135K
+2.5%
2026
$136,392
$136K
+1.2%
City Comparison
Iowa Falls vs. National Median
🏠 Iowa Falls
$136,392
National Median
$410,000
At $136,392, homes in Iowa Falls cost 67% below the national median of $410,000. This makes Iowa Falls a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Iowa Falls?
20% Down Payment
$27,278
on $136,392
Monthly P&I
$711/mo
30-yr @ 6.8%
Total Monthly Est.
~$903/mo
incl. taxes & insurance
Income Needed
$36,120
gross annual (30% rule)
10% Down Option
$13,639
+ PMI applies
Loan Amount (20% dn)
$109,114
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 Falls, IA?
The median home value in Iowa Falls is $136,392 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.2% year-over-year.
How much have home prices changed in Iowa Falls?
Over the past year, home values in Iowa Falls have increased by 1.2%. Over five years, prices have risen approximately 13.5%.
How much do I need to earn to buy a home in Iowa Falls?
To comfortably afford the median home price of $136,392 with a 20% down payment ($27,278) at today's rates (6.8%), you'd need a gross annual income of approximately $36,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Iowa Falls compare to the national average home price?
The national median home value is approximately $410,000. At $136,392, homes in Iowa Falls are 67% below the national average.