As of 2022, the median home price in Iowa is $199,882. Prices in the state have increased 10.2% year-on-year, but it’s lower compared to the U.S. average house price of $357,589.
Iowa is among the cheapest places in the U.S. to buy a home. However, prices in the state have consistently gone up in recent years, which follows the trend across the country.
If you’re planning to buy a house in Iowa, it’s a good idea to understand the entire process before you commit to anything. Remember, homebuying involves a mortgage that you’ll have to pay for decades, and you’ll likely live in that house for several years. You have to be sure that you’re making the best decision for your needs.