Market Overview
Home Prices in Onawa, IA
The median home value in Onawa, IA is $162,033 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.7% compared to a year ago and down 3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Onawa are priced60% below average.
Over the past five years, Onawa home values have risen by approximately20.9%, reflecting strong long-term appreciation in this market.
Price History
Onawa Home Price Trend
2020
$115,759
$116K
—
2021
$134,064
$134K
+15.8%
2022
$153,132
$153K
+14.2%
2023
$155,422
$155K
+1.5%
2024
$164,178
$164K
+5.6%
2025
$159,314
$159K
-3.0%
2026
$162,033
$162K
+1.7%
City Comparison
Onawa vs. National Median
🏠 Onawa
$162,033
National Median
$410,000
At $162,033, homes in Onawa cost 60% below the national median of $410,000. This makes Onawa a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Onawa?
20% Down Payment
$32,407
on $162,033
Monthly P&I
$845/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,073/mo
incl. taxes & insurance
Income Needed
$42,920
gross annual (30% rule)
10% Down Option
$16,203
+ PMI applies
Loan Amount (20% dn)
$129,626
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 Onawa, IA?
The median home value in Onawa is $162,033 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.7% year-over-year.
How much have home prices changed in Onawa?
Over the past year, home values in Onawa have increased by 1.7%. Over five years, prices have risen approximately 20.9%.
How much do I need to earn to buy a home in Onawa?
To comfortably afford the median home price of $162,033 with a 20% down payment ($32,407) at today's rates (6.8%), you'd need a gross annual income of approximately $42,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Onawa compare to the national average home price?
The national median home value is approximately $410,000. At $162,033, homes in Onawa are 60% below the national average.