Market Overview
Home Prices in Ossian, IA
The median home value in Ossian, IA is $288,533 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9.5% compared to a year ago and up 8.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Ossian are priced30% below average.
Over the past five years, Ossian home values have risen by approximately44.4%, reflecting strong long-term appreciation in this market.
Price History
Ossian Home Price Trend
2020
$178,075
$178K
—
2021
$199,747
$200K
+12.2%
2022
$233,775
$234K
+17.0%
2023
$239,576
$240K
+2.5%
2024
$241,892
$242K
+1.0%
2025
$263,510
$264K
+8.9%
2026
$288,533
$289K
+9.5%
City Comparison
Ossian vs. National Median
🏠 Ossian
$288,533
National Median
$410,000
At $288,533, homes in Ossian cost 30% below the national median of $410,000. This makes Ossian a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Ossian?
20% Down Payment
$57,707
on $288,533
Monthly P&I
$1,505/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,911/mo
incl. taxes & insurance
Income Needed
$76,440
gross annual (30% rule)
10% Down Option
$28,853
+ PMI applies
Loan Amount (20% dn)
$230,826
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 Ossian, IA?
The median home value in Ossian is $288,533 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9.5% year-over-year.
How much have home prices changed in Ossian?
Over the past year, home values in Ossian have increased by 9.5%. Over five years, prices have risen approximately 44.4%.
How much do I need to earn to buy a home in Ossian?
To comfortably afford the median home price of $288,533 with a 20% down payment ($57,707) at today's rates (6.8%), you'd need a gross annual income of approximately $76,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Ossian compare to the national average home price?
The national median home value is approximately $410,000. At $288,533, homes in Ossian are 30% below the national average.