Market Overview
Home Prices in Iola, KS
The median home value in Iola, KS is $93,960 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.6% compared to a year ago and down 0.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Iola are priced77% below average.
Over the past five years, Iola home values have risen by approximately34.0%, reflecting strong long-term appreciation in this market.
Price History
Iola Home Price Trend
2020
$56,446
$56K
—
2021
$70,099
$70K
+24.2%
2022
$80,463
$80K
+14.8%
2023
$89,970
$90K
+11.8%
2024
$95,273
$95K
+5.9%
2025
$94,492
$94K
-0.8%
2026
$93,960
$94K
-0.6%
City Comparison
Iola vs. National Median
🏠 Iola
$93,960
National Median
$410,000
At $93,960, homes in Iola cost 77% below the national median of $410,000. This makes Iola a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Iola?
20% Down Payment
$18,792
on $93,960
Monthly P&I
$490/mo
30-yr @ 6.8%
Total Monthly Est.
~$622/mo
incl. taxes & insurance
Income Needed
$24,880
gross annual (30% rule)
10% Down Option
$9,396
+ PMI applies
Loan Amount (20% dn)
$75,168
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 Iola, KS?
The median home value in Iola is $93,960 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.6% year-over-year.
How much have home prices changed in Iola?
Over the past year, home values in Iola have decreased by 0.6%. Over five years, prices have risen approximately 34.0%.
How much do I need to earn to buy a home in Iola?
To comfortably afford the median home price of $93,960 with a 20% down payment ($18,792) at today's rates (6.8%), you'd need a gross annual income of approximately $24,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Iola compare to the national average home price?
The national median home value is approximately $410,000. At $93,960, homes in Iola are 77% below the national average.