Market Overview
Home Prices in New Providence, IA
The median home value in New Providence, IA is $181,353 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.6% compared to a year ago and up 1.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in New Providence are priced56% below average. New Providence is part of the Marshalltown, IA metro area.
Price History
New Providence Home Price Trend
2022
$154,086
$154K
—
2023
$160,325
$160K
+4.0%
2024
$173,212
$173K
+8.0%
2025
$175,085
$175K
+1.1%
2026
$181,353
$181K
+3.6%
City Comparison
New Providence vs. National Median
🏠 New Providence
$181,353
National Median
$410,000
At $181,353, homes in New Providence cost 56% below the national median of $410,000. This makes New Providence a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in New Providence?
20% Down Payment
$36,271
on $181,353
Monthly P&I
$946/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,201/mo
incl. taxes & insurance
Income Needed
$48,040
gross annual (30% rule)
10% Down Option
$18,135
+ PMI applies
Loan Amount (20% dn)
$145,082
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 New Providence, IA?
The median home value in New Providence is $181,353 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.6% year-over-year.
How much have home prices changed in New Providence?
Over the past year, home values in New Providence have increased by 3.6%.
How much do I need to earn to buy a home in New Providence?
To comfortably afford the median home price of $181,353 with a 20% down payment ($36,271) at today's rates (6.8%), you'd need a gross annual income of approximately $48,040. This assumes keeping total housing costs at or below 30% of gross income.
How does New Providence compare to the national average home price?
The national median home value is approximately $410,000. At $181,353, homes in New Providence are 56% below the national average.
What metro area is New Providence part of?
New Providence is part of the Marshalltown, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.