Market Overview
Home Prices in Milo, IA
The median home value in Milo, IA is $279,828 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.7% compared to a year ago and up 3.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Milo are priced32% below average. Milo is part of the Des Moines-West Des Moines, IA metro area.
Over the past five years, Milo home values have risen by approximately29.9%, reflecting strong long-term appreciation in this market.
Price History
Milo Home Price Trend
City Comparison
Milo vs. National Median
At $279,828, homes in Milo cost 32% below the national median of $410,000. This makes Milo a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Milo?
20% Down Payment
$55,966
on $279,828
Monthly P&I
$1,459/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,853/mo
incl. taxes & insurance
Income Needed
$74,120
gross annual (30% rule)
10% Down Option
$27,983
+ PMI applies
Loan Amount (20% dn)
$223,862
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 Milo, IA?
The median home value in Milo is $279,828 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.7% year-over-year.
How much have home prices changed in Milo?
Over the past year, home values in Milo have increased by 5.7%. Over five years, prices have risen approximately 29.9%.
How much do I need to earn to buy a home in Milo?
To comfortably afford the median home price of $279,828 with a 20% down payment ($55,966) at today's rates (6.8%), you'd need a gross annual income of approximately $74,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Milo compare to the national average home price?
The national median home value is approximately $410,000. At $279,828, homes in Milo are 32% below the national average.
What metro area is Milo part of?
Milo is part of the Des Moines-West Des Moines, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.