Market Overview
Home Prices in Neola, IA
The median home value in Neola, IA is $317,282 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.7% compared to a year ago and up 4.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Neola are priced23% below average. Neola is part of the Omaha-Council Bluffs, NE-IA metro area.
Over the past five years, Neola home values have risen by approximately36.2%, reflecting strong long-term appreciation in this market.
Price History
Neola Home Price Trend
City Comparison
Neola vs. National Median
At $317,282, homes in Neola cost 23% below the national median of $410,000. This makes Neola a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Neola?
20% Down Payment
$63,456
on $317,282
Monthly P&I
$1,655/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,102/mo
incl. taxes & insurance
Income Needed
$84,080
gross annual (30% rule)
10% Down Option
$31,728
+ PMI applies
Loan Amount (20% dn)
$253,826
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 Neola, IA?
The median home value in Neola is $317,282 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 Neola?
Over the past year, home values in Neola have increased by 5.7%. Over five years, prices have risen approximately 36.2%.
How much do I need to earn to buy a home in Neola?
To comfortably afford the median home price of $317,282 with a 20% down payment ($63,456) at today's rates (6.8%), you'd need a gross annual income of approximately $84,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Neola compare to the national average home price?
The national median home value is approximately $410,000. At $317,282, homes in Neola are 23% below the national average.
What metro area is Neola part of?
Neola is part of the Omaha-Council Bluffs, NE-IA metropolitan area. Home prices and market conditions can vary across the broader metro region.