Market Overview
Home Prices in Steamboat Rock, IA
The median home value in Steamboat Rock, IA is $191,275 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.7% compared to a year ago and up 0.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Steamboat Rock are priced53% below average. Steamboat Rock is part of the Waterloo-Cedar Falls, IA metro area.
Price History
Steamboat Rock Home Price Trend
2022
$153,258
$153K
—
2023
$153,559
$154K
+0.2%
2024
$175,178
$175K
+14.1%
2025
$175,990
$176K
+0.5%
2026
$191,275
$191K
+8.7%
City Comparison
Steamboat Rock vs. National Median
🏠 Steamboat Rock
$191,275
National Median
$410,000
At $191,275, homes in Steamboat Rock cost 53% below the national median of $410,000. This makes Steamboat Rock a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Steamboat Rock?
20% Down Payment
$38,255
on $191,275
Monthly P&I
$998/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,267/mo
incl. taxes & insurance
Income Needed
$50,680
gross annual (30% rule)
10% Down Option
$19,128
+ PMI applies
Loan Amount (20% dn)
$153,020
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 Steamboat Rock, IA?
The median home value in Steamboat Rock is $191,275 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.7% year-over-year.
How much have home prices changed in Steamboat Rock?
Over the past year, home values in Steamboat Rock have increased by 8.7%.
How much do I need to earn to buy a home in Steamboat Rock?
To comfortably afford the median home price of $191,275 with a 20% down payment ($38,255) at today's rates (6.8%), you'd need a gross annual income of approximately $50,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Steamboat Rock compare to the national average home price?
The national median home value is approximately $410,000. At $191,275, homes in Steamboat Rock are 53% below the national average.
What metro area is Steamboat Rock part of?
Steamboat Rock is part of the Waterloo-Cedar Falls, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.