Market Overview
Home Prices in Polk City, IA
The median home value in Polk City, IA is $432,131 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.3% compared to a year ago and up 2.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Polk City are priced5% above average. Polk City is part of the Des Moines-West Des Moines, IA metro area.
Over the past five years, Polk City home values have risen by approximately21.9%, reflecting strong long-term appreciation in this market.
Price History
Polk City Home Price Trend
City Comparison
Polk City vs. National Median
At $432,131, homes in Polk City cost 5% above the national median of $410,000. Buyers in Polk City should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Polk City?
20% Down Payment
$86,426
on $432,131
Monthly P&I
$2,254/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,863/mo
incl. taxes & insurance
Income Needed
$114,520
gross annual (30% rule)
10% Down Option
$43,213
+ PMI applies
Loan Amount (20% dn)
$345,705
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 Polk City, IA?
The median home value in Polk City is $432,131 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.3% year-over-year.
How much have home prices changed in Polk City?
Over the past year, home values in Polk City have increased by 0.3%. Over five years, prices have risen approximately 21.9%.
How much do I need to earn to buy a home in Polk City?
To comfortably afford the median home price of $432,131 with a 20% down payment ($86,426) at today's rates (6.8%), you'd need a gross annual income of approximately $114,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Polk City compare to the national average home price?
The national median home value is approximately $410,000. At $432,131, homes in Polk City are 5% above the national average.
What metro area is Polk City part of?
Polk City is part of the Des Moines-West Des Moines, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.