Market Overview
Home Prices in Iola, TX
The median home value in Iola, TX is $507,651 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.7% compared to a year ago and up 4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Iola are priced24% above average.
Over the past five years, Iola home values have risen by approximately26.5%, reflecting strong long-term appreciation in this market.
Price History
Iola Home Price Trend
2020
$330,035
$330K
—
2021
$401,452
$401K
+21.6%
2022
$482,375
$482K
+20.2%
2023
$462,903
$463K
-4.0%
2024
$491,169
$491K
+6.1%
2025
$511,021
$511K
+4.0%
2026
$507,651
$508K
-0.7%
City Comparison
Iola vs. National Median
🏠 Iola
$507,651
National Median
$410,000
At $507,651, homes in Iola cost 24% above the national median of $410,000. Buyers in Iola should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Iola?
20% Down Payment
$101,530
on $507,651
Monthly P&I
$2,648/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,363/mo
incl. taxes & insurance
Income Needed
$134,520
gross annual (30% rule)
10% Down Option
$50,765
+ PMI applies
Loan Amount (20% dn)
$406,121
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, TX?
The median home value in Iola is $507,651 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.7% year-over-year.
How much have home prices changed in Iola?
Over the past year, home values in Iola have decreased by 0.7%. Over five years, prices have risen approximately 26.5%.
How much do I need to earn to buy a home in Iola?
To comfortably afford the median home price of $507,651 with a 20% down payment ($101,530) at today's rates (6.8%), you'd need a gross annual income of approximately $134,520. 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 $507,651, homes in Iola are 24% above the national average.