Market Overview
Home Prices in Storm Lake, IA
The median home value in Storm Lake, IA is $181,229 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.3% compared to a year ago and up 1.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Storm Lake are priced56% below average. Storm Lake is part of the Storm Lake, IA metro area.
Over the past five years, Storm Lake home values have risen by approximately26.9%, reflecting strong long-term appreciation in this market.
Price History
Storm Lake Home Price Trend
City Comparison
Storm Lake vs. National Median
At $181,229, homes in Storm Lake cost 56% below the national median of $410,000. This makes Storm Lake a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Storm Lake?
20% Down Payment
$36,246
on $181,229
Monthly P&I
$945/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,200/mo
incl. taxes & insurance
Income Needed
$48,000
gross annual (30% rule)
10% Down Option
$18,123
+ PMI applies
Loan Amount (20% dn)
$144,983
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 Storm Lake, IA?
The median home value in Storm Lake is $181,229 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.3% year-over-year.
How much have home prices changed in Storm Lake?
Over the past year, home values in Storm Lake have increased by 1.3%. Over five years, prices have risen approximately 26.9%.
How much do I need to earn to buy a home in Storm Lake?
To comfortably afford the median home price of $181,229 with a 20% down payment ($36,246) at today's rates (6.8%), you'd need a gross annual income of approximately $48,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Storm Lake compare to the national average home price?
The national median home value is approximately $410,000. At $181,229, homes in Storm Lake are 56% below the national average.
What metro area is Storm Lake part of?
Storm Lake is part of the Storm Lake, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.