Market Overview
Home Prices in Newell, IA
The median home value in Newell, IA is $177,152 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.5% compared to a year ago and down 0.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Newell are priced57% below average. Newell is part of the Storm Lake, IA metro area.
Over the past five years, Newell home values have risen by approximately29.7%, reflecting strong long-term appreciation in this market.
Price History
Newell Home Price Trend
City Comparison
Newell vs. National Median
At $177,152, homes in Newell cost 57% below the national median of $410,000. This makes Newell a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Newell?
20% Down Payment
$35,430
on $177,152
Monthly P&I
$924/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,173/mo
incl. taxes & insurance
Income Needed
$46,920
gross annual (30% rule)
10% Down Option
$17,715
+ PMI applies
Loan Amount (20% dn)
$141,722
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 Newell, IA?
The median home value in Newell is $177,152 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.5% year-over-year.
How much have home prices changed in Newell?
Over the past year, home values in Newell have increased by 0.5%. Over five years, prices have risen approximately 29.7%.
How much do I need to earn to buy a home in Newell?
To comfortably afford the median home price of $177,152 with a 20% down payment ($35,430) at today's rates (6.8%), you'd need a gross annual income of approximately $46,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Newell compare to the national average home price?
The national median home value is approximately $410,000. At $177,152, homes in Newell are 57% below the national average.
What metro area is Newell part of?
Newell is part of the Storm Lake, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.