Market Overview
Home Prices in Irma, WI
The median home value in Irma, WI is $264,910 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.4% compared to a year ago and up 3.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Irma are priced35% below average. Irma is part of the Wausau-Weston, WI metro area.
Over the past five years, Irma home values have risen by approximately28.8%, reflecting strong long-term appreciation in this market.
Price History
Irma Home Price Trend
2020
$177,000
$177K
—
2021
$205,650
$206K
+16.2%
2022
$227,472
$227K
+10.6%
2023
$245,983
$246K
+8.1%
2024
$249,404
$249K
+1.4%
2025
$258,790
$259K
+3.8%
2026
$264,910
$265K
+2.4%
City Comparison
Irma vs. National Median
🏠 Irma
$264,910
National Median
$410,000
At $264,910, homes in Irma cost 35% below the national median of $410,000. This makes Irma a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Irma?
20% Down Payment
$52,982
on $264,910
Monthly P&I
$1,382/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,755/mo
incl. taxes & insurance
Income Needed
$70,200
gross annual (30% rule)
10% Down Option
$26,491
+ PMI applies
Loan Amount (20% dn)
$211,928
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 Irma, WI?
The median home value in Irma is $264,910 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.4% year-over-year.
How much have home prices changed in Irma?
Over the past year, home values in Irma have increased by 2.4%. Over five years, prices have risen approximately 28.8%.
How much do I need to earn to buy a home in Irma?
To comfortably afford the median home price of $264,910 with a 20% down payment ($52,982) at today's rates (6.8%), you'd need a gross annual income of approximately $70,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Irma compare to the national average home price?
The national median home value is approximately $410,000. At $264,910, homes in Irma are 35% below the national average.
What metro area is Irma part of?
Irma is part of the Wausau-Weston, WI metropolitan area. Home prices and market conditions can vary across the broader metro region.