Market Overview
Home Prices in Monmouth, IA
The median home value in Monmouth, IA is $292,225 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 13.1% compared to a year ago and up 3.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Monmouth are priced29% below average. Monmouth is part of the Cedar Rapids, IA metro area.
Over the past five years, Monmouth home values have risen by approximately39.9%, reflecting strong long-term appreciation in this market.
Price History
Monmouth Home Price Trend
City Comparison
Monmouth vs. National Median
At $292,225, homes in Monmouth cost 29% below the national median of $410,000. This makes Monmouth a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Monmouth?
20% Down Payment
$58,445
on $292,225
Monthly P&I
$1,524/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,935/mo
incl. taxes & insurance
Income Needed
$77,400
gross annual (30% rule)
10% Down Option
$29,223
+ PMI applies
Loan Amount (20% dn)
$233,780
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 Monmouth, IA?
The median home value in Monmouth is $292,225 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 13.1% year-over-year.
How much have home prices changed in Monmouth?
Over the past year, home values in Monmouth have increased by 13.1%. Over five years, prices have risen approximately 39.9%.
How much do I need to earn to buy a home in Monmouth?
To comfortably afford the median home price of $292,225 with a 20% down payment ($58,445) at today's rates (6.8%), you'd need a gross annual income of approximately $77,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Monmouth compare to the national average home price?
The national median home value is approximately $410,000. At $292,225, homes in Monmouth are 29% below the national average.
What metro area is Monmouth part of?
Monmouth is part of the Cedar Rapids, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.