Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$232,390+2.6% YoY · prices are rising
Market right nowBuyer's marketMore homes for sale than last year, 27% have cut their price
Income needed to buy, per year$50,377About 0.6× the local median income ($80,986): affordable for a typical household
Days on market70 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+2.2%Zillow expects prices to rise slightly
The typical home in Boone County, IA is worth $232,390, up 2.6% from a year ago. That is well above what local incomes have historically supported: fair value is about $208,961, so the area is 11.2% overvalued. It is a buyer's market: homes take about 70 days to sell, listings are up 18% from a year ago, 27% of listings have had a price cut. Zillow expects prices to rise about 2.2% over the next year. A household needs about $50,377 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $80,986. Typical rent is $907 a month, or $1,175 for a house. In the latest IRS figures, 11 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$232,390
Change in 1 year
+2.6%
Overvalued %
+11.2%
Show 7 more
Fair home value
$208,961
Change in 5 years
+26.4%
Zillow forecast, next 12 months
+2.2%
Home value to income
2.9×
Monthly mortgage payment (20% down)
$1,259
Income needed to afford it
$50,377
Property tax rate
1.37%
Rent and investing
Typical rent
$907
Typical rent for houses
$1,175
Price-to-rent ratio
21.3×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$967
Gross rental yield
4.68%
Cap rate (estimate)
3.05%
Market activity
Listings vs a year ago
+18.4%
Days on market
70
Listings with a price cut
27.1%
Show 3 more
Homes for sale
135
Pending sales per 100 listings
29
Asking price per sq ft
$162
People and jobs
Median household income
$80,986
Population change (1 year)
+0.3%
Unemployment rate
1.5%
Show 4 more
Population
26,799
Income adjusted for cost of living
$91,200
Net moves in (IRS)
−11
Cost of living (US = 100)
88.8
Schools, risk and environment
School rating (1 to 10)
5.8
FEMA hazard risk score (0 to 100)
28.4
Flood risk score
28.8
Show 3 more
Wildfire risk score
15.9
Walkability (1 to 20)
7.2
Road, rail and air noise
52 dB
Questions people ask
Is Boone County, IA overvalued?
Home prices in Boone County, IA are well above what local incomes have historically supported: fair value is about $208,961, so the area is 11.2% overvalued.
Is Boone County, IA a buyer's or seller's market?
Boone County, IA is a buyer's market: homes take about 70 days to sell, listings are up 18% from a year ago, 27% of listings have had a price cut.
Are home prices going down in Boone County, IA?
Home values in Boone County, IA are up 2.6% over the last year. Zillow's forecast for the next 12 months is +2.2%.
How much do you need to earn to buy a home in Boone County, IA?
A household needs about $50,377 a year to afford the typical home in Boone County, IA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $80,986.