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Counties with the lowest home prices in Iowa

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June 8, 2021
Nst101 // Wikimedia Commons

Counties with the lowest home prices in Iowa

The real estate market is booming right now thanks to low interest rates, a flood of millennial buyers, and shrinking inventory. The median cost of a home has increased 20% year over year, hitting $347,500, according to a report released in April 2020 by real estate listing website Redfin. These high asking costs—while good for sellers—are pricing many buyers out of the market entirely.

But all things are not equal when it comes to real estate in the United States.

Credible used 2021 data calculated by the National Association of REALTORS to compile a list of counties with the lowest median home values and monthly mortgage payments in Iowa. Counties were ranked by the monthly mortgage payment for a typical home in 2020, from lowest to highest. Ties were broken by median home values in 2020.

The National Association of REALTORS calculated the fourth quarter 2020 median home values by applying the Federal Housing Finance Agency’s House Price Index growth to 2019 housing and population data from the American Community Survey and determining an estimate of 2020 median home values for all counties where data is available. The monthly mortgage payments for fourth quarter 2019 and fourth quarter 2020 were calculated for a 30-year fixed-rate mortgage with a 10% down payment.

Keep reading to discover which county in Iowa has the lowest home prices.

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Alejandro Pulido // Wikimedia Commons

#30. Kossuth County

- Monthly mortgage payment in 2020: $393 (12.7% less than 2019)
- Monthly mortgage payment in 2019: $450
- Median home value in 2020: $106,100
- Ranked #852 out of 3,120 counties nationwide
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Scott Romine // Wikimedia Commons

#29. Ida County

- Monthly mortgage payment in 2020: $388 (7.2% less than 2019)
- Monthly mortgage payment in 2019: $418
- Median home value in 2020: $104,800
- Ranked #822 out of 3,120 counties nationwide
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en:User:Cburnett // Wikimedia Commons

#28. Monroe County

- Monthly mortgage payment in 2020: $385 (4.2% less than 2019)
- Monthly mortgage payment in 2019: $402
- Median home value in 2020: $104,100
- Ranked #805 out of 3,120 counties nationwide
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Bill Whittaker // Wikimedia Commons

#27. Webster County

- Monthly mortgage payment in 2020: $381 (9.1% less than 2019)
- Monthly mortgage payment in 2019: $419
- Median home value in 2020: $103,000
- Ranked #776 out of 3,120 counties nationwide
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Mclarenj // Wikimedia Commons

#26. Ringgold County

- Monthly mortgage payment in 2020: $380 (1.8% less than 2019)
- Monthly mortgage payment in 2019: $387
- Median home value in 2020: $102,500
- Ranked #766 out of 3,120 counties nationwide
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en:User:Cburnett // Wikimedia Commons

#25. Lucas County

- Monthly mortgage payment in 2020: $371 (2.4% less than 2019)
- Monthly mortgage payment in 2019: $380
- Median home value in 2020: $100,200
- Ranked #708 out of 3,120 counties nationwide
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User:Magicpiano // Wikimedia Commons

#24. Sac County

- Monthly mortgage payment in 2020: $369 (6.1% less than 2019)
- Monthly mortgage payment in 2019: $393
- Median home value in 2020: $99,500
- Ranked #691 out of 3,120 counties nationwide
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Chuckmor // Wikimedia Commons

#23. Winnebago County

- Monthly mortgage payment in 2020: $365 (10.8% less than 2019)
- Monthly mortgage payment in 2019: $409
- Median home value in 2020: $98,500
- Ranked #669 out of 3,120 counties nationwide
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Jason McLaren // Wikimedia Commons

#22. Greene County

- Monthly mortgage payment in 2020: $364 (11.0% less than 2019)
- Monthly mortgage payment in 2019: $409
- Median home value in 2020: $98,400
- Ranked #667 out of 3,120 counties nationwide
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Robert Thall // Wikimedia Commons

#21. Lee County

- Monthly mortgage payment in 2020: $364 (10.1% less than 2019)
- Monthly mortgage payment in 2019: $405
- Median home value in 2020: $98,200
- Ranked #664 out of 3,120 counties nationwide
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Jim Roberts // Wikimedia Commons

#20. Page County

- Monthly mortgage payment in 2020: $363 (8.6% less than 2019)
- Monthly mortgage payment in 2019: $397
- Median home value in 2020: $98,100
- Ranked #662 out of 3,120 counties nationwide
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Ann Sullivan-Larson // Wikimedia Commons

#19. Hardin County

- Monthly mortgage payment in 2020: $363 (9.9% less than 2019)
- Monthly mortgage payment in 2019: $403
- Median home value in 2020: $98,000
- Ranked #658 out of 3,120 counties nationwide
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Jon Roanhaus // Wikimedia Commons

#18. Franklin County

- Monthly mortgage payment in 2020: $362 (5.7% less than 2019)
- Monthly mortgage payment in 2019: $384
- Median home value in 2020: $97,800
- Ranked #656 out of 3,120 counties nationwide
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Coasterlover1994 // Wikimedia Commons

#17. Osceola County

- Monthly mortgage payment in 2020: $360 (9.8% less than 2019)
- Monthly mortgage payment in 2019: $399
- Median home value in 2020: $97,400
- Ranked #644 out of 3,120 counties nationwide
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Joe Elliott // Wikimedia Commons

#16. Crawford County

- Monthly mortgage payment in 2020: $359 (8.9% less than 2019)
- Monthly mortgage payment in 2019: $394
- Median home value in 2020: $97,000
- Ranked #634 out of 3,120 counties nationwide
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Sector001 // Wikimedia Commons

#15. Van Buren County

- Monthly mortgage payment in 2020: $357 (9.6% less than 2019)
- Monthly mortgage payment in 2019: $395
- Median home value in 2020: $96,400
- Ranked #623 out of 3,120 counties nationwide
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en:User:Cburnett // Wikimedia Commons

#14. Keokuk County

- Monthly mortgage payment in 2020: $348 (9.8% less than 2019)
- Monthly mortgage payment in 2019: $386
- Median home value in 2020: $93,900
- Ranked #562 out of 3,120 counties nationwide
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Phinn // Wikimedia Commons

#13. Emmet County

- Monthly mortgage payment in 2020: $344 (8.3% less than 2019)
- Monthly mortgage payment in 2019: $375
- Median home value in 2020: $92,800
- Ranked #529 out of 3,120 counties nationwide
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Jason McLaren // Wikimedia Commons

#12. Adams County

- Monthly mortgage payment in 2020: $337 (9.9% less than 2019)
- Monthly mortgage payment in 2019: $374
- Median home value in 2020: $90,900
- Ranked #483 out of 3,120 counties nationwide
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JERRYE AND ROY KLOTZ MD // Wikimedia Commons

#11. Monona County

- Monthly mortgage payment in 2020: $334 (11.2% less than 2019)
- Monthly mortgage payment in 2019: $376
- Median home value in 2020: $90,300
- Ranked #463 out of 3,120 counties nationwide
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Judd Furlong // Wikimedia Commons

#10. Montgomery County

- Monthly mortgage payment in 2020: $330 (8.8% less than 2019)
- Monthly mortgage payment in 2019: $362
- Median home value in 2020: $89,000
- Ranked #436 out of 3,120 counties nationwide
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Ann Sullivan-Larson // Wikimedia Commons

#9. Wright County

- Monthly mortgage payment in 2020: $329 (11.1% less than 2019)
- Monthly mortgage payment in 2019: $370
- Median home value in 2020: $88,800
- Ranked #426 out of 3,120 counties nationwide
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Jim Roberts // Wikimedia Commons

#8. Decatur County

- Monthly mortgage payment in 2020: $320 (3.9% less than 2019)
- Monthly mortgage payment in 2019: $333
- Median home value in 2020: $86,400
- Ranked #368 out of 3,120 counties nationwide
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en:User:Cburnett // Wikimedia Commons

#7. Wapello County

- Monthly mortgage payment in 2020: $316 (11.2% less than 2019)
- Monthly mortgage payment in 2019: $356
- Median home value in 2020: $85,300
- Ranked #333 out of 3,120 counties nationwide
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Nst101 // Wikimedia Commons

#6. Calhoun County

- Monthly mortgage payment in 2020: $315 (9.2% less than 2019)
- Monthly mortgage payment in 2019: $347
- Median home value in 2020: $85,200
- Ranked #328 out of 3,120 counties nationwide
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Jim Roberts // Wikimedia Commons

#5. Appanoose County

- Monthly mortgage payment in 2020: $313 (7.7% less than 2019)
- Monthly mortgage payment in 2019: $339
- Median home value in 2020: $84,600
- Ranked #310 out of 3,120 counties nationwide
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Scott Romine // Wikimedia Commons

#4. Wayne County

- Monthly mortgage payment in 2020: $312 (7.4% less than 2019)
- Monthly mortgage payment in 2019: $337
- Median home value in 2020: $84,300
- Ranked #304 out of 3,120 counties nationwide
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Jared Winkler // Wikimedia Commons

#3. Taylor County

- Monthly mortgage payment in 2020: $310 (10.1% less than 2019)
- Monthly mortgage payment in 2019: $345
- Median home value in 2020: $83,700
- Ranked #292 out of 3,120 counties nationwide
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Nst101 // Wikimedia Commons

#2. Audubon County

- Monthly mortgage payment in 2020: $306 (1.0% less than 2019)
- Monthly mortgage payment in 2019: $309
- Median home value in 2020: $82,600
- Ranked #273 out of 3,120 counties nationwide
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Pettingills // Wikimedia Commons

#1. Pocahontas County

- Monthly mortgage payment in 2020: $292 (10.7% less than 2019)
- Monthly mortgage payment in 2019: $327
- Median home value in 2020: $79,000
- Ranked #203 out of 3,120 counties nationwide
This story originally appeared on and was produced and distributed in partnership with Stacker Studio.

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