Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$280,495+3.2% YoY · prices are rising fast
Market right nowBuyer's marketMore homes for sale than last year, 24% have cut their price
Income needed to buy, per year$60,805About 0.7× the local median income ($88,809): affordable for a typical household
Days on market52 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+2.8%Zillow expects prices to rise slightly
The typical home in Mills County, IA is worth $280,495, up 3.2% from a year ago. That is well above what local incomes have historically supported: fair value is about $252,232, so the area is 11.2% overvalued. It is a buyer's market: homes take about 52 days to sell, listings are up 18% from a year ago, 24% of listings have had a price cut. Zillow expects prices to rise about 2.8% over the next year. A household needs about $60,805 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 $88,809. In the latest IRS figures, 130 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
$280,495
Change in 1 year
+3.2%
Overvalued %
+11.2%
Show 7 more
Fair home value
$252,232
Change in 5 years
+21.0%
Zillow forecast, next 12 months
+2.8%
Home value to income
3.2×
Monthly mortgage payment (20% down)
$1,520
Income needed to afford it
$60,805
Property tax rate
1.47%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,450
Market activity
Listings vs a year ago
+17.8%
Days on market
52
Listings with a price cut
23.5%
Show 3 more
Homes for sale
53
Pending sales per 100 listings
38
Asking price per sq ft
$165
People and jobs
Median household income
$88,809
Population change (1 year)
+0.3%
Unemployment rate
2.0%
Show 4 more
Population
14,793
Income adjusted for cost of living
$96,637
Net moves in (IRS)
+130
Cost of living (US = 100)
91.9
Schools, risk and environment
School rating (1 to 10)
7.6
FEMA hazard risk score (0 to 100)
18.5
Flood risk score
27.4
Show 3 more
Wildfire risk score
52.4
Walkability (1 to 20)
5.5
Road, rail and air noise
53 dB
Questions people ask
Is Mills County, IA overvalued?
Home prices in Mills County, IA are well above what local incomes have historically supported: fair value is about $252,232, so the area is 11.2% overvalued.
Is Mills County, IA a buyer's or seller's market?
Mills County, IA is a buyer's market: homes take about 52 days to sell, listings are up 18% from a year ago, 24% of listings have had a price cut.
Are home prices going down in Mills County, IA?
Home values in Mills County, IA are up 3.2% over the last year. Zillow's forecast for the next 12 months is +2.8%.
How much do you need to earn to buy a home in Mills County, IA?
A household needs about $60,805 a year to afford the typical home in Mills County, IA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $88,809.