Market Overview
Home Prices in New Sharon, IA
The median home value in New Sharon, IA is $232,166 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 10.4% 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 New Sharon are priced43% below average. New Sharon is part of the Oskaloosa, IA metro area.
Over the past five years, New Sharon home values have risen by approximately41.3%, reflecting strong long-term appreciation in this market.
Price History
New Sharon Home Price Trend
City Comparison
New Sharon vs. National Median
At $232,166, homes in New Sharon cost 43% below the national median of $410,000. This makes New Sharon a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in New Sharon?
20% Down Payment
$46,433
on $232,166
Monthly P&I
$1,211/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,538/mo
incl. taxes & insurance
Income Needed
$61,520
gross annual (30% rule)
10% Down Option
$23,217
+ PMI applies
Loan Amount (20% dn)
$185,733
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 Sharon, IA?
The median home value in New Sharon is $232,166 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 10.4% year-over-year.
How much have home prices changed in New Sharon?
Over the past year, home values in New Sharon have increased by 10.4%. Over five years, prices have risen approximately 41.3%.
How much do I need to earn to buy a home in New Sharon?
To comfortably afford the median home price of $232,166 with a 20% down payment ($46,433) at today's rates (6.8%), you'd need a gross annual income of approximately $61,520. This assumes keeping total housing costs at or below 30% of gross income.
How does New Sharon compare to the national average home price?
The national median home value is approximately $410,000. At $232,166, homes in New Sharon are 43% below the national average.
What metro area is New Sharon part of?
New Sharon is part of the Oskaloosa, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.