Market Overview
Home Prices in Traer, IA
The median home value in Traer, IA is $180,119 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.3% compared to a year ago and up 5.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Traer are priced56% below average.
Over the past five years, Traer home values have risen by approximately29.0%, reflecting strong long-term appreciation in this market.
Price History
Traer Home Price Trend
2020
$124,344
$124K
—
2021
$139,667
$140K
+12.3%
2022
$159,351
$159K
+14.1%
2023
$161,208
$161K
+1.2%
2024
$166,261
$166K
+3.1%
2025
$176,007
$176K
+5.9%
2026
$180,119
$180K
+2.3%
City Comparison
Traer vs. National Median
🏠 Traer
$180,119
National Median
$410,000
At $180,119, homes in Traer cost 56% below the national median of $410,000. This makes Traer a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Traer?
20% Down Payment
$36,024
on $180,119
Monthly P&I
$939/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,193/mo
incl. taxes & insurance
Income Needed
$47,720
gross annual (30% rule)
10% Down Option
$18,012
+ PMI applies
Loan Amount (20% dn)
$144,095
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 Traer, IA?
The median home value in Traer is $180,119 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.3% year-over-year.
How much have home prices changed in Traer?
Over the past year, home values in Traer have increased by 2.3%. Over five years, prices have risen approximately 29.0%.
How much do I need to earn to buy a home in Traer?
To comfortably afford the median home price of $180,119 with a 20% down payment ($36,024) at today's rates (6.8%), you'd need a gross annual income of approximately $47,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Traer compare to the national average home price?
The national median home value is approximately $410,000. At $180,119, homes in Traer are 56% below the national average.