Market Overview
Home Prices in Ottumwa, IA
The median home value in Ottumwa, IA is $126,618 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.3% compared to a year ago and down 2.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Ottumwa are priced69% below average. Ottumwa is part of the Ottumwa, IA metro area.
Over the past five years, Ottumwa home values have risen by approximately27.9%, reflecting strong long-term appreciation in this market.
Price History
Ottumwa Home Price Trend
City Comparison
Ottumwa vs. National Median
At $126,618, homes in Ottumwa cost 69% below the national median of $410,000. This makes Ottumwa a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Ottumwa?
20% Down Payment
$25,324
on $126,618
Monthly P&I
$660/mo
30-yr @ 6.8%
Total Monthly Est.
~$838/mo
incl. taxes & insurance
Income Needed
$33,520
gross annual (30% rule)
10% Down Option
$12,662
+ PMI applies
Loan Amount (20% dn)
$101,294
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 Ottumwa, IA?
The median home value in Ottumwa is $126,618 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.3% year-over-year.
How much have home prices changed in Ottumwa?
Over the past year, home values in Ottumwa have increased by 1.3%. Over five years, prices have risen approximately 27.9%.
How much do I need to earn to buy a home in Ottumwa?
To comfortably afford the median home price of $126,618 with a 20% down payment ($25,324) at today's rates (6.8%), you'd need a gross annual income of approximately $33,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Ottumwa compare to the national average home price?
The national median home value is approximately $410,000. At $126,618, homes in Ottumwa are 69% below the national average.
What metro area is Ottumwa part of?
Ottumwa is part of the Ottumwa, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.