Market Overview
Home Prices in Mingo, IA
The median home value in Mingo, IA is $327,319 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8% compared to a year ago and up 1.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mingo are priced20% below average. Mingo is part of the Des Moines-West Des Moines, IA metro area.
Over the past five years, Mingo home values have risen by approximately35.9%, reflecting strong long-term appreciation in this market.
Price History
Mingo Home Price Trend
City Comparison
Mingo vs. National Median
At $327,319, homes in Mingo cost 20% below the national median of $410,000. This makes Mingo a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Mingo?
20% Down Payment
$65,464
on $327,319
Monthly P&I
$1,707/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,168/mo
incl. taxes & insurance
Income Needed
$86,720
gross annual (30% rule)
10% Down Option
$32,732
+ PMI applies
Loan Amount (20% dn)
$261,855
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 Mingo, IA?
The median home value in Mingo is $327,319 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8% year-over-year.
How much have home prices changed in Mingo?
Over the past year, home values in Mingo have increased by 8%. Over five years, prices have risen approximately 35.9%.
How much do I need to earn to buy a home in Mingo?
To comfortably afford the median home price of $327,319 with a 20% down payment ($65,464) at today's rates (6.8%), you'd need a gross annual income of approximately $86,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Mingo compare to the national average home price?
The national median home value is approximately $410,000. At $327,319, homes in Mingo are 20% below the national average.
What metro area is Mingo part of?
Mingo is part of the Des Moines-West Des Moines, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.