Iowa (IA) · Midwest Real Estate Profile
Iowa Mortgage Payment & Property Tax Guide
Calculate your exact monthly housing expense in Iowa. In Iowa, the effective statewide property tax rate averages 1.50% and homeowners insurance averages 0.52% of home market value. Explore 25 pre-calculated loan scenarios below.
Effective Property Tax1.50%
Homeowners Insurance0.52%
Median Home Price$215,000
Conforming Loan Limit$766,550
Property Tax Context for Iowa: At 1.50%, a median-priced home of $215,000 pays roughly $3,225 per year in property taxes ($269/month). Millage rates vary across counties and municipalities.
Companion Tax Engine
View Iowa Tax Tables →Check Take-Home Pay Across All 50 States on AfterTaxMath
See exact net salary, state income tax withholding, and FICA deductions for Iowa residents.
Monthly Payment Benchmarks in Iowa (30-Year Fixed at 6.50%%)
Estimated monthly PITI payments assuming 20% down payment and standard 28% DTI underwriting:
| Loan Amount | Est. Home Value | 30-Yr P&I | IA Property Tax | Total PITI/mo | Required Salary | Details |
|---|---|---|---|---|---|---|
| $150,000 | $187,500 | $948/mo | $234/mo | $1,264/mo | $54,000/yr | View schedule → |
| $250,000 | $312,500 | $1,580/mo | $391/mo | $2,106/mo | $90,000/yr | View schedule → |
| $350,000 | $437,500 | $2,212/mo | $547/mo | $2,949/mo | $126,000/yr | View schedule → |
| $450,000 | $562,500 | $2,844/mo | $703/mo | $3,791/mo | $162,000/yr | View schedule → |
| $550,000 | $687,500 | $3,476/mo | $859/mo | $4,634/mo | $199,000/yr | View schedule → |
| $750,000 | $937,500 | $4,741/mo | $1,172/mo | $6,319/mo | $271,000/yr | View schedule → |
| $1,000,000 | $1,250,000 | $6,321/mo | $1,563/mo | $8,425/mo | $361,000/yr | View schedule → |
Browse all 25 loan amounts in Iowa
Select any loan principal to view detailed amortization, rate sensitivity, and DTI requirements:
$100k in IA$842/mo$150k in IA$1,264/mo$200k in IA$1,685/mo$250k in IA$2,106/mo$300k in IA$2,527/mo$350k in IA$2,949/mo$400k in IA$3,370/mo$450k in IA$3,791/mo$500k in IA$4,212/mo$550k in IA$4,634/mo$600k in IA$5,055/mo$650k in IA$5,476/mo$700k in IA$5,897/mo$750k in IA$6,319/mo$800k in IA$6,740/mo$850k in IA$7,161/mo$900k in IA$7,582/mo$950k in IA$8,004/mo$1 million in IA$8,425/mo$1.1 million in IA$9,267/mo$1.2 million in IA$10,110/mo$1.3 million in IA$10,952/mo$1.4 million in IA$11,795/mo$1.5 million in IA$12,637/mo$2 million in IA$16,850/mo
Explore neighboring Midwest states
Compare mortgage payment benchmarks and property taxes across neighboring Midwest jurisdictions:
Illinois (2.08% tax)View guide →Indiana (0.81% tax)View guide →Kansas (1.34% tax)View guide →Michigan (1.38% tax)View guide →Minnesota (1.08% tax)View guide →Missouri (0.93% tax)View guide →
Closing Costs & Transfer Tax in Iowa
Real estate transfer tax is $1.60 per $1,000 (first $500 exempt).