Market Overview
Home Prices in Meservey, IA
The median home value in Meservey, IA is $108,388 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.3% compared to a year ago and down 5.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Meservey are priced74% below average. Meservey is part of the Mason City, IA metro area.
Over the past five years, Meservey home values have fallen by approximately7.3%, reflecting softening conditions in this market.
Price History
Meservey Home Price Trend
City Comparison
Meservey vs. National Median
At $108,388, homes in Meservey cost 74% below the national median of $410,000. This makes Meservey a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Meservey?
20% Down Payment
$21,678
on $108,388
Monthly P&I
$565/mo
30-yr @ 6.8%
Total Monthly Est.
~$718/mo
incl. taxes & insurance
Income Needed
$28,720
gross annual (30% rule)
10% Down Option
$10,839
+ PMI applies
Loan Amount (20% dn)
$86,710
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 Meservey, IA?
The median home value in Meservey is $108,388 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.3% year-over-year.
How much have home prices changed in Meservey?
Over the past year, home values in Meservey have increased by 0.3%. Over five years, prices have fallen approximately 7.3%.
How much do I need to earn to buy a home in Meservey?
To comfortably afford the median home price of $108,388 with a 20% down payment ($21,678) at today's rates (6.8%), you'd need a gross annual income of approximately $28,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Meservey compare to the national average home price?
The national median home value is approximately $410,000. At $108,388, homes in Meservey are 74% below the national average.
What metro area is Meservey part of?
Meservey is part of the Mason City, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.