Market Overview
Home Prices in Menlo, IA
The median home value in Menlo, IA is $236,376 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7% compared to a year ago and up 3.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Menlo are priced42% below average. Menlo is part of the Des Moines-West Des Moines, IA metro area.
Over the past five years, Menlo home values have risen by approximately34.0%, reflecting strong long-term appreciation in this market.
Price History
Menlo Home Price Trend
City Comparison
Menlo vs. National Median
At $236,376, homes in Menlo cost 42% below the national median of $410,000. This makes Menlo a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Menlo?
20% Down Payment
$47,275
on $236,376
Monthly P&I
$1,233/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,566/mo
incl. taxes & insurance
Income Needed
$62,640
gross annual (30% rule)
10% Down Option
$23,638
+ PMI applies
Loan Amount (20% dn)
$189,101
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 Menlo, IA?
The median home value in Menlo is $236,376 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7% year-over-year.
How much have home prices changed in Menlo?
Over the past year, home values in Menlo have increased by 7%. Over five years, prices have risen approximately 34.0%.
How much do I need to earn to buy a home in Menlo?
To comfortably afford the median home price of $236,376 with a 20% down payment ($47,275) at today's rates (6.8%), you'd need a gross annual income of approximately $62,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Menlo compare to the national average home price?
The national median home value is approximately $410,000. At $236,376, homes in Menlo are 42% below the national average.
What metro area is Menlo part of?
Menlo is part of the Des Moines-West Des Moines, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.