Market Overview
Home Prices in Lorimor, IA
The median home value in Lorimor, IA is $271,994 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.6% compared to a year ago and up 7.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lorimor are priced34% below average. Lorimor is part of the Des Moines-West Des Moines, IA metro area.
Price History
Lorimor Home Price Trend
2022
$213,417
$213K
—
2023
$218,533
$219K
+2.4%
2024
$237,665
$238K
+8.8%
2025
$255,072
$255K
+7.3%
2026
$271,994
$272K
+6.6%
City Comparison
Lorimor vs. National Median
🏠 Lorimor
$271,994
National Median
$410,000
At $271,994, homes in Lorimor cost 34% below the national median of $410,000. This makes Lorimor a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lorimor?
20% Down Payment
$54,399
on $271,994
Monthly P&I
$1,419/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,802/mo
incl. taxes & insurance
Income Needed
$72,080
gross annual (30% rule)
10% Down Option
$27,199
+ PMI applies
Loan Amount (20% dn)
$217,595
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 Lorimor, IA?
The median home value in Lorimor is $271,994 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.6% year-over-year.
How much have home prices changed in Lorimor?
Over the past year, home values in Lorimor have increased by 6.6%.
How much do I need to earn to buy a home in Lorimor?
To comfortably afford the median home price of $271,994 with a 20% down payment ($54,399) at today's rates (6.8%), you'd need a gross annual income of approximately $72,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Lorimor compare to the national average home price?
The national median home value is approximately $410,000. At $271,994, homes in Lorimor are 34% below the national average.
What metro area is Lorimor part of?
Lorimor is part of the Des Moines-West Des Moines, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.