Market Overview
Home Prices in Slater, IA
The median home value in Slater, IA is $298,176 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.1% compared to a year ago and up 3.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Slater are priced27% below average. Slater is part of the Ames, IA metro area.
Over the past five years, Slater home values have risen by approximately27.4%, reflecting strong long-term appreciation in this market.
Price History
Slater Home Price Trend
2020
$212,168
$212K
—
2021
$234,127
$234K
+10.3%
2022
$262,025
$262K
+11.9%
2023
$274,351
$274K
+4.7%
2024
$283,113
$283K
+3.2%
2025
$292,173
$292K
+3.2%
2026
$298,176
$298K
+2.1%
City Comparison
Slater vs. National Median
🏠 Slater
$298,176
National Median
$410,000
At $298,176, homes in Slater cost 27% below the national median of $410,000. This makes Slater a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Slater?
20% Down Payment
$59,635
on $298,176
Monthly P&I
$1,555/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,975/mo
incl. taxes & insurance
Income Needed
$79,000
gross annual (30% rule)
10% Down Option
$29,818
+ PMI applies
Loan Amount (20% dn)
$238,541
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 Slater, IA?
The median home value in Slater is $298,176 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.1% year-over-year.
How much have home prices changed in Slater?
Over the past year, home values in Slater have increased by 2.1%. Over five years, prices have risen approximately 27.4%.
How much do I need to earn to buy a home in Slater?
To comfortably afford the median home price of $298,176 with a 20% down payment ($59,635) at today's rates (6.8%), you'd need a gross annual income of approximately $79,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Slater compare to the national average home price?
The national median home value is approximately $410,000. At $298,176, homes in Slater are 27% below the national average.
What metro area is Slater part of?
Slater is part of the Ames, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.