Market Overview
Home Prices in Rowan, IA
The median home value in Rowan, IA is $81,788 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.9% compared to a year ago and down 0.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Rowan are priced80% below average.
Price History
Rowan Home Price Trend
2022
$96,356
$96K
—
2023
$82,211
$82K
-14.7%
2024
$81,591
$82K
-0.8%
2025
$81,042
$81K
-0.7%
2026
$81,788
$82K
+0.9%
City Comparison
Rowan vs. National Median
🏠 Rowan
$81,788
National Median
$410,000
At $81,788, homes in Rowan cost 80% below the national median of $410,000. This makes Rowan a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Rowan?
20% Down Payment
$16,358
on $81,788
Monthly P&I
$427/mo
30-yr @ 6.8%
Total Monthly Est.
~$542/mo
incl. taxes & insurance
Income Needed
$21,680
gross annual (30% rule)
10% Down Option
$8,179
+ PMI applies
Loan Amount (20% dn)
$65,430
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 Rowan, IA?
The median home value in Rowan is $81,788 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.9% year-over-year.
How much have home prices changed in Rowan?
Over the past year, home values in Rowan have increased by 0.9%.
How much do I need to earn to buy a home in Rowan?
To comfortably afford the median home price of $81,788 with a 20% down payment ($16,358) at today's rates (6.8%), you'd need a gross annual income of approximately $21,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Rowan compare to the national average home price?
The national median home value is approximately $410,000. At $81,788, homes in Rowan are 80% below the national average.