Market Overview
Home Prices in Monona, IA
The median home value in Monona, IA is $246,190 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 10.6% 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 Monona are priced40% below average.
Over the past five years, Monona home values have risen by approximately33.0%, reflecting strong long-term appreciation in this market.
Price History
Monona Home Price Trend
2020
$170,284
$170K
—
2021
$185,037
$185K
+8.7%
2022
$209,031
$209K
+13.0%
2023
$213,630
$214K
+2.2%
2024
$215,922
$216K
+1.1%
2025
$222,610
$223K
+3.1%
2026
$246,190
$246K
+10.6%
City Comparison
Monona vs. National Median
🏠 Monona
$246,190
National Median
$410,000
At $246,190, homes in Monona cost 40% below the national median of $410,000. This makes Monona a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Monona?
20% Down Payment
$49,238
on $246,190
Monthly P&I
$1,284/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,631/mo
incl. taxes & insurance
Income Needed
$65,240
gross annual (30% rule)
10% Down Option
$24,619
+ PMI applies
Loan Amount (20% dn)
$196,952
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 Monona, IA?
The median home value in Monona is $246,190 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 10.6% year-over-year.
How much have home prices changed in Monona?
Over the past year, home values in Monona have increased by 10.6%. Over five years, prices have risen approximately 33.0%.
How much do I need to earn to buy a home in Monona?
To comfortably afford the median home price of $246,190 with a 20% down payment ($49,238) at today's rates (6.8%), you'd need a gross annual income of approximately $65,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Monona compare to the national average home price?
The national median home value is approximately $410,000. At $246,190, homes in Monona are 40% below the national average.