Market Overview
Home Prices in Renwick, IA
The median home value in Renwick, IA is $114,401 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.7% compared to a year ago and down 6.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Renwick are priced72% below average.
Price History
Renwick Home Price Trend
2022
$104,245
$104K
—
2023
$111,487
$111K
+6.9%
2024
$119,127
$119K
+6.9%
2025
$111,375
$111K
-6.5%
2026
$114,401
$114K
+2.7%
City Comparison
Renwick vs. National Median
🏠 Renwick
$114,401
National Median
$410,000
At $114,401, homes in Renwick cost 72% below the national median of $410,000. This makes Renwick a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Renwick?
20% Down Payment
$22,880
on $114,401
Monthly P&I
$597/mo
30-yr @ 6.8%
Total Monthly Est.
~$758/mo
incl. taxes & insurance
Income Needed
$30,320
gross annual (30% rule)
10% Down Option
$11,440
+ PMI applies
Loan Amount (20% dn)
$91,521
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 Renwick, IA?
The median home value in Renwick is $114,401 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.7% year-over-year.
How much have home prices changed in Renwick?
Over the past year, home values in Renwick have increased by 2.7%.
How much do I need to earn to buy a home in Renwick?
To comfortably afford the median home price of $114,401 with a 20% down payment ($22,880) at today's rates (6.8%), you'd need a gross annual income of approximately $30,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Renwick compare to the national average home price?
The national median home value is approximately $410,000. At $114,401, homes in Renwick are 72% below the national average.