Market Overview
Home Prices in Parnell, IA
The median home value in Parnell, IA is $329,769 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.9% compared to a year ago and up 4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Parnell are priced20% below average.
Over the past five years, Parnell home values have risen by approximately39.9%, reflecting strong long-term appreciation in this market.
Price History
Parnell Home Price Trend
2020
$209,848
$210K
—
2021
$235,695
$236K
+12.3%
2022
$272,428
$272K
+15.6%
2023
$282,191
$282K
+3.6%
2024
$302,177
$302K
+7.1%
2025
$314,386
$314K
+4.0%
2026
$329,769
$330K
+4.9%
City Comparison
Parnell vs. National Median
🏠 Parnell
$329,769
National Median
$410,000
At $329,769, homes in Parnell cost 20% below the national median of $410,000. This makes Parnell a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Parnell?
20% Down Payment
$65,954
on $329,769
Monthly P&I
$1,720/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,184/mo
incl. taxes & insurance
Income Needed
$87,360
gross annual (30% rule)
10% Down Option
$32,977
+ PMI applies
Loan Amount (20% dn)
$263,815
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 Parnell, IA?
The median home value in Parnell is $329,769 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.9% year-over-year.
How much have home prices changed in Parnell?
Over the past year, home values in Parnell have increased by 4.9%. Over five years, prices have risen approximately 39.9%.
How much do I need to earn to buy a home in Parnell?
To comfortably afford the median home price of $329,769 with a 20% down payment ($65,954) at today's rates (6.8%), you'd need a gross annual income of approximately $87,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Parnell compare to the national average home price?
The national median home value is approximately $410,000. At $329,769, homes in Parnell are 20% below the national average.