Iowa Real Estate Market in 2021: Forecasts + Trends

Clever Real Estate


Clever Real Estate

October 1st, 2021
Updated October 1st, 2021


Iowa real estate trends

Real estate trends in Iowa | Sellers | Buyers | Investors | The best and worst of Iowa | Iowa resources

Iowa real estate trends (October 2021)

How is the real estate market in Iowa?
🏠 Average home value: $167,640
📈 0.75% home value increase month over month
💰 Median sale price: $241,000
⏳ 63 days on the market
🔑 Homes on the market: 7,826
📆 1.0 months of housing inventory
🏦 30-year mortgage rate: 2.97%
💵 Average income: 56303
State of the market: B-
Although home values are lower than average in Iowa, low inventory and even lower interest rates are keeping the market going and causing listing prices to rise.
*Data last updated October 2021

Once every four years, all eyes turn to Iowa for its famous political Caucus, where voters cast their support for presidential candidates.

Outside the spotlight, residents enjoy the perks of living in Iowa year-round. Its biggest cities include Des Moines, Cedar Rapids, and Davenport — and Iowa's nearly 53,000 acres of hiking trails, campsites, and bike paths offer plenty of opportunities to enjoy outdoor living.

If you're thinking of buying or selling in Iowa, these Iowa housing predictions and stats can help you make an informed decision.

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Selling a home in Iowa

Iowa real estate market forecast for sellers
⏰ Homes are selling 11 days faster than the annual average
💰 Homes are selling for $2,288 less than the annual average
💸 Average listing commission: 3.06%
💸 Average buyer's commission: 2.84%

How to sell a home in Iowa

Cost to sell a home in Iowa

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Buying a home in Iowa

How much home you can buy with $300,000 in...
🏠 Des Moines: 1,480 sq ft
🏡 Cedar Rapids: 2,405 sq ft
🏡 Davenport: 3,055 sq ft
🏠 Waterloo: 2,465 sq ft

Investing in Iowa real estate

Best of Iowa

Each month, we compare cities in Iowa based on different criteria. This month, we're looking at affordability and ranking the best cities in the state.

Most Affordable Cities in Iowa
1. Davenport-Moline-Rock Island
2. Sioux City
3. Waterloo-Cedar Falls
4. Ames

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Worst of Iowa

Each month, we compare cities in Iowa based on a different criteria. This month we're looking at affordability data. These are the cities that ranked the worst in the state.

Least Affordable Cities in Iowa
1. Iowa City
2. Des Moines-West Des Moines
3. Cedar Rapids
4. Dubuque

Iowa resources

👋 Next Steps: Talk to an expert!

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Clever's analysis of state market trends is based on local data from Zillow,, Redfin, S&P Global, the U.S. Census, and Clever surveys. Our team of over 20 real estate analysts from across the country research local markets and data to compile our "Best" and "Worst" rankings.

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