Market Overview
Home Prices in Tipton, IA
The median home value in Tipton, IA is $246,736 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.5% compared to a year ago and up 4.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Tipton are priced40% below average.
Over the past five years, Tipton home values have risen by approximately31.6%, reflecting strong long-term appreciation in this market.
Price History
Tipton Home Price Trend
2020
$169,697
$170K
—
2021
$187,495
$187K
+10.5%
2022
$214,136
$214K
+14.2%
2023
$218,142
$218K
+1.9%
2024
$227,403
$227K
+4.2%
2025
$238,336
$238K
+4.8%
2026
$246,736
$247K
+3.5%
City Comparison
Tipton vs. National Median
🏠 Tipton
$246,736
National Median
$410,000
At $246,736, homes in Tipton cost 40% below the national median of $410,000. This makes Tipton a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Tipton?
20% Down Payment
$49,347
on $246,736
Monthly P&I
$1,287/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,634/mo
incl. taxes & insurance
Income Needed
$65,360
gross annual (30% rule)
10% Down Option
$24,674
+ PMI applies
Loan Amount (20% dn)
$197,389
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 Tipton, IA?
The median home value in Tipton is $246,736 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.5% year-over-year.
How much have home prices changed in Tipton?
Over the past year, home values in Tipton have increased by 3.5%. Over five years, prices have risen approximately 31.6%.
How much do I need to earn to buy a home in Tipton?
To comfortably afford the median home price of $246,736 with a 20% down payment ($49,347) at today's rates (6.8%), you'd need a gross annual income of approximately $65,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Tipton compare to the national average home price?
The national median home value is approximately $410,000. At $246,736, homes in Tipton are 40% below the national average.