Market Overview
Home Prices in Solon, IA
The median home value in Solon, IA is $455,843 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.2% compared to a year ago and up 3.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Solon are priced11% above average. Solon is part of the Iowa City, IA metro area.
Over the past five years, Solon home values have risen by approximately27.8%, reflecting strong long-term appreciation in this market.
Price History
Solon Home Price Trend
City Comparison
Solon vs. National Median
At $455,843, homes in Solon cost 11% above the national median of $410,000. Buyers in Solon should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Solon?
20% Down Payment
$91,169
on $455,843
Monthly P&I
$2,377/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,019/mo
incl. taxes & insurance
Income Needed
$120,760
gross annual (30% rule)
10% Down Option
$45,584
+ PMI applies
Loan Amount (20% dn)
$364,674
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 Solon, IA?
The median home value in Solon is $455,843 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.2% year-over-year.
How much have home prices changed in Solon?
Over the past year, home values in Solon have increased by 3.2%. Over five years, prices have risen approximately 27.8%.
How much do I need to earn to buy a home in Solon?
To comfortably afford the median home price of $455,843 with a 20% down payment ($91,169) at today's rates (6.8%), you'd need a gross annual income of approximately $120,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Solon compare to the national average home price?
The national median home value is approximately $410,000. At $455,843, homes in Solon are 11% above the national average.
What metro area is Solon part of?
Solon is part of the Iowa City, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.