Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$124,938+1.9% YoY · prices are rising
Market right nowBalanced, leaning sellersFewer homes for sale than last year, 11% have cut their price
Income needed to buy, per year$27,084About 0.4× the local median income ($63,479): affordable for a typical household
Days on market68 daysSlower than a year ago: buyers have time to negotiate
The typical home in Lee County, IA is worth $124,938, up 1.9% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $128,634, so the area is 2.9% undervalued. It is a balanced market, leaning toward sellers: homes take about 68 days to sell, listings are down 19% from a year ago, 11% of listings have had a price cut. A household needs about $27,084 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 $63,479. In the latest IRS figures, 25 more people moved in than out.
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
$124,938
Change in 1 year
+1.9%
Overvalued %
−2.9%
Show 6 more
Fair home value
$128,634
Change in 5 years
+14.5%
Home value to income
2.0×
Monthly mortgage payment (20% down)
$677
Income needed to afford it
$27,084
Property tax rate
1.38%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$976
Market activity
Listings vs a year ago
−19.0%
Days on market
68
Listings with a price cut
10.7%
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Homes for sale
124
Pending sales per 100 listings
28
Asking price per sq ft
$103
People and jobs
Median household income
$63,479
Population change (1 year)
−0.5%
Unemployment rate
4.5%
Show 4 more
Population
32,306
Income adjusted for cost of living
$75,480
Net moves in (IRS)
+25
Cost of living (US = 100)
84.1
Schools, risk and environment
School rating (1 to 10)
3.2
FEMA hazard risk score (0 to 100)
62.9
Unhealthy air days a year
0
Show 4 more
Flood risk score
70.4
Wildfire risk score
48.7
Walkability (1 to 20)
6.9
Road, rail and air noise
52 dB
Questions people ask
Is Lee County, IA overvalued?
Home prices in Lee County, IA are slightly below what local incomes have historically supported: fair value is about $128,634, so the area is 2.9% undervalued.
Is Lee County, IA a buyer's or seller's market?
Lee County, IA is a balanced market, leaning toward sellers: homes take about 68 days to sell, listings are down 19% from a year ago, 11% of listings have had a price cut.
Are home prices going down in Lee County, IA?
Home values in Lee County, IA are up 1.9% over the last year.
How much do you need to earn to buy a home in Lee County, IA?
A household needs about $27,084 a year to afford the typical home in Lee County, IA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $63,479.