I want to... 🏠 Sell my home | 🗝️ Buy a home | 🗺️ Find a new place to live in Iowa
💡 Key Iowa housing market facts
Data Point | Value | Rank | Compared to National Avg |
Typical Home Value | $221,509[1] | #44 of 50 states | 39.9% lower |
Median Listing Price | $299,800[2] | #43 of 50 states | 32.9% lower |
Median Sale Price | $244,200[3] | #50 of 50 states | 42.2% lower |
30 Year Mortgage Rate | 6.83%[4] | #2 of 50 states | 2.1% lower |
Median Days on Market | 56[5] | #34 of 50 states | 9.7% longer |
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🗺️ Buying a house in the Iowa real estate market
Iowa has an affordability score of 3.9, meaning it takes 3.9 years of the median household income ($61,836) to afford Iowa's median home sale price ($244,200). Because of this, we rank Iowa as the most affordable state for buyers based strictly on prices compared to income.
Data Point | Value | Rank | Compared to National Avg |
Median Sale Price | $244,200[6] | #50 of 50 states | 42.2% lower |
30 Year Mortgage Rate | 6.83%[7] | #2 of 50 states | 2.1% lower |
Median Household Income | $61,836[8] | #27 of 50 states | 4.2% lower |
Affordability Ratio | 3.9 | #1 of 50 states | 38.7% lower |
Buyers Agent Commission | 2.60%[9] | #32 of 50 states | 2.4% higher |
Resources for Iowa home buyers
Preparing to buy in Iowa
🗺️ Selling a house in the Iowa real estate market
According to our detailed survey of Iowa real estate agents, listing agents (those representing the seller) charge an average commission in Iowa of 2.91%, which is the 12th highest in the United States. Buyers' agents charge an average commission of 2.6%, which is the 19th highest in the United States.
Data Point | Value | Rank | Compared to National Avg |
Median Listing Price | $299,800[10] | #43 of 50 states | 32.9% lower |
Median Sale Price | $244,200[11] | #50 of 50 states | 42.2% lower |
Median Days on Market | 56[12] | #34 of 50 states | 9.7% longer |
Buyer's Agent Commission | 2.60%[13] | #32 of 50 states | 2.4% higher |
Listing Agent Commission | 2.91%[14] | #39 of 50 states | 6.8% higher |
Resources for Iowa home sellers
Preparing to sell in Iowa
- 8 Steps to Selling a House in Iowa
- Average Time to Sell a House in Iowa
- When Is the Best Time to Sell a House in Iowa?
- Top Real Estate Agents in Iowa
Iowa home selling costs and requirements
Moving to Iowa
According to our recent moving trends survey[15], 4% of Americans indicated that they would choose to move to Iowa if money were no object. Likewise, 6% of survey respondents indicated that they would move to Des Moines among a choice of America's medium-sized cities.
Here's how Iowa cities rank in a number of our research studies.
Study | Best Iowa city | Rank |
Best Pizza Cities[16] | No ranking Iowa cities | No ranking Iowa cities |
Best Coffee Cities[17] | No ranking Iowa cities | No ranking Iowa cities |
Best LGBTQ Cities[18] | No ranking Iowa cities | No ranking Iowa cities |
Best Bike Cities[19] | No ranking Iowa cities | No ranking Iowa cities |
Best Commuter Cities[20] | No ranking Iowa cities | No ranking Iowa cities |