Market Overview
Home Prices in Iowa Park, TX
The median home value in Iowa Park, TX is $202,050 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.4% compared to a year ago and up 2.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Iowa Park are priced51% below average. Iowa Park is part of the Wichita Falls, TX metro area.
Over the past five years, Iowa Park home values have risen by approximately36.9%, reflecting strong long-term appreciation in this market.
Price History
Iowa Park Home Price Trend
City Comparison
Iowa Park vs. National Median
At $202,050, homes in Iowa Park cost 51% below the national median of $410,000. This makes Iowa Park a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Iowa Park?
20% Down Payment
$40,410
on $202,050
Monthly P&I
$1,054/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,339/mo
incl. taxes & insurance
Income Needed
$53,560
gross annual (30% rule)
10% Down Option
$20,205
+ PMI applies
Loan Amount (20% dn)
$161,640
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 Iowa Park, TX?
The median home value in Iowa Park is $202,050 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.4% year-over-year.
How much have home prices changed in Iowa Park?
Over the past year, home values in Iowa Park have increased by 6.4%. Over five years, prices have risen approximately 36.9%.
How much do I need to earn to buy a home in Iowa Park?
To comfortably afford the median home price of $202,050 with a 20% down payment ($40,410) at today's rates (6.8%), you'd need a gross annual income of approximately $53,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Iowa Park compare to the national average home price?
The national median home value is approximately $410,000. At $202,050, homes in Iowa Park are 51% below the national average.
What metro area is Iowa Park part of?
Iowa Park is part of the Wichita Falls, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.