Market Overview
Home Prices in Mason City, IA
The median home value in Mason City, IA is $161,734 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2% compared to a year ago and up 3.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mason City are priced61% below average. Mason City is part of the Mason City, IA metro area.
Over the past five years, Mason City home values have risen by approximately27.8%, reflecting strong long-term appreciation in this market.
Price History
Mason City Home Price Trend
City Comparison
Mason City vs. National Median
At $161,734, homes in Mason City cost 61% below the national median of $410,000. This makes Mason City a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Mason City?
20% Down Payment
$32,347
on $161,734
Monthly P&I
$844/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,072/mo
incl. taxes & insurance
Income Needed
$42,880
gross annual (30% rule)
10% Down Option
$16,173
+ PMI applies
Loan Amount (20% dn)
$129,387
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 Mason City, IA?
The median home value in Mason City is $161,734 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2% year-over-year.
How much have home prices changed in Mason City?
Over the past year, home values in Mason City have increased by 2%. Over five years, prices have risen approximately 27.8%.
How much do I need to earn to buy a home in Mason City?
To comfortably afford the median home price of $161,734 with a 20% down payment ($32,347) at today's rates (6.8%), you'd need a gross annual income of approximately $42,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Mason City compare to the national average home price?
The national median home value is approximately $410,000. At $161,734, homes in Mason City are 61% below the national average.
What metro area is Mason City part of?
Mason City is part of the Mason City, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.