Market Overview
Home Prices in Terril, IA
The median home value in Terril, IA is $201,298 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.5% compared to a year ago and down 0.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Terril are priced51% below average. Terril is part of the Spirit Lake, IA metro area.
Over the past five years, Terril home values have risen by approximately17.0%, reflecting steady appreciation in this market.
Price History
Terril Home Price Trend
2020
$141,310
$141K
—
2021
$172,114
$172K
+21.8%
2022
$189,895
$190K
+10.3%
2023
$199,131
$199K
+4.9%
2024
$207,230
$207K
+4.1%
2025
$206,436
$206K
-0.4%
2026
$201,298
$201K
-2.5%
City Comparison
Terril vs. National Median
🏠 Terril
$201,298
National Median
$410,000
At $201,298, homes in Terril cost 51% below the national median of $410,000. This makes Terril a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Terril?
20% Down Payment
$40,260
on $201,298
Monthly P&I
$1,050/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,334/mo
incl. taxes & insurance
Income Needed
$53,360
gross annual (30% rule)
10% Down Option
$20,130
+ PMI applies
Loan Amount (20% dn)
$161,038
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 Terril, IA?
The median home value in Terril is $201,298 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.5% year-over-year.
How much have home prices changed in Terril?
Over the past year, home values in Terril have decreased by 2.5%. Over five years, prices have risen approximately 17.0%.
How much do I need to earn to buy a home in Terril?
To comfortably afford the median home price of $201,298 with a 20% down payment ($40,260) at today's rates (6.8%), you'd need a gross annual income of approximately $53,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Terril compare to the national average home price?
The national median home value is approximately $410,000. At $201,298, homes in Terril are 51% below the national average.
What metro area is Terril part of?
Terril is part of the Spirit Lake, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.