Market Overview
Home Prices in Riceville, IA
The median home value in Riceville, IA is $239,528 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.8% compared to a year ago and up 6.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Riceville are priced42% below average.
Over the past five years, Riceville home values have risen by approximately42.2%, reflecting strong long-term appreciation in this market.
Price History
Riceville Home Price Trend
2020
$149,312
$149K
—
2021
$168,396
$168K
+12.8%
2022
$201,203
$201K
+19.5%
2023
$203,703
$204K
+1.2%
2024
$211,098
$211K
+3.6%
2025
$224,173
$224K
+6.2%
2026
$239,528
$240K
+6.8%
City Comparison
Riceville vs. National Median
🏠 Riceville
$239,528
National Median
$410,000
At $239,528, homes in Riceville cost 42% below the national median of $410,000. This makes Riceville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Riceville?
20% Down Payment
$47,906
on $239,528
Monthly P&I
$1,249/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,586/mo
incl. taxes & insurance
Income Needed
$63,440
gross annual (30% rule)
10% Down Option
$23,953
+ PMI applies
Loan Amount (20% dn)
$191,622
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 Riceville, IA?
The median home value in Riceville is $239,528 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.8% year-over-year.
How much have home prices changed in Riceville?
Over the past year, home values in Riceville have increased by 6.8%. Over five years, prices have risen approximately 42.2%.
How much do I need to earn to buy a home in Riceville?
To comfortably afford the median home price of $239,528 with a 20% down payment ($47,906) at today's rates (6.8%), you'd need a gross annual income of approximately $63,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Riceville compare to the national average home price?
The national median home value is approximately $410,000. At $239,528, homes in Riceville are 42% below the national average.