Market Overview
Home Prices in Prairie City, IA
The median home value in Prairie City, IA is $276,386 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.1% compared to a year ago and up 1.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Prairie City are priced33% below average. Prairie City is part of the Des Moines-West Des Moines, IA metro area.
Over the past five years, Prairie City home values have risen by approximately30.8%, reflecting strong long-term appreciation in this market.
Price History
Prairie City Home Price Trend
City Comparison
Prairie City vs. National Median
At $276,386, homes in Prairie City cost 33% below the national median of $410,000. This makes Prairie City a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Prairie City?
20% Down Payment
$55,277
on $276,386
Monthly P&I
$1,441/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,830/mo
incl. taxes & insurance
Income Needed
$73,200
gross annual (30% rule)
10% Down Option
$27,639
+ PMI applies
Loan Amount (20% dn)
$221,109
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 Prairie City, IA?
The median home value in Prairie City is $276,386 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.1% year-over-year.
How much have home prices changed in Prairie City?
Over the past year, home values in Prairie City have increased by 5.1%. Over five years, prices have risen approximately 30.8%.
How much do I need to earn to buy a home in Prairie City?
To comfortably afford the median home price of $276,386 with a 20% down payment ($55,277) at today's rates (6.8%), you'd need a gross annual income of approximately $73,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Prairie City compare to the national average home price?
The national median home value is approximately $410,000. At $276,386, homes in Prairie City are 33% below the national average.
What metro area is Prairie City part of?
Prairie 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.