Iowa has a population of around 3.1 million people. In 2020, approximately 72.1% of Iowa residents own a home.
Iowa has the lowest average monthly mortgage payment in the country, at $970. With a monthly household income of $6,329, Iowa residents spend $189 less than the national average, making it an affordable place to live.
When you’re ready to shop for a mortgage, it’s important to understand what you’ll owe each month. Otherwise, it will be difficult to determine which loan is best for your financial situation. MoneyGeek's mortgage calculator can help you create a monthly estimate of what you'd pay in various scenarios. By seeing how different factors can affect your monthly payment, you'll better understand which mortgage product could work for you.