Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$173,200+4.9% YoY · prices are rising fast
Market right nowBalanced, leaning buyersMore homes for sale than last year, 9% have cut their price
Income needed to buy, per year$37,546About 0.5× the local median income ($69,366): affordable for a typical household
Days on market40 daysFaster than a year ago: sellers have the edge
The typical home in Monroe County, IA is worth $173,200, up 4.9% from a year ago. That is well above what local incomes have historically supported: fair value is about $134,780, so the area is 28.5% overvalued. It is a balanced market, leaning toward buyers: homes take about 40 days to sell, listings are up 14% from a year ago, 9% of listings have had a price cut. A household needs about $37,546 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 $69,366. In the latest IRS figures, 69 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
$173,200
Change in 1 year
+4.9%
Overvalued %
+28.5%
Show 6 more
Fair home value
$134,780
Change in 5 years
+31.7%
Home value to income
2.5×
Monthly mortgage payment (20% down)
$939
Income needed to afford it
$37,546
Property tax rate
1.38%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$927
Market activity
Listings vs a year ago
+14.3%
Days on market
40
Listings with a price cut
9.3%
Show 3 more
Homes for sale
24
Pending sales per 100 listings
17
Asking price per sq ft
$148
People and jobs
Median household income
$69,366
Population change (1 year)
+0.2%
Unemployment rate
3.1%
Show 4 more
Population
7,406
Income adjusted for cost of living
$82,480
Net moves in (IRS)
−69
Cost of living (US = 100)
84.1
Schools, risk and environment
School rating (1 to 10)
8.0
FEMA hazard risk score (0 to 100)
10.3
Flood risk score
9.1
Show 3 more
Wildfire risk score
40.0
Walkability (1 to 20)
5.8
Road, rail and air noise
53 dB
Questions people ask
Is Monroe County, IA overvalued?
Home prices in Monroe County, IA are well above what local incomes have historically supported: fair value is about $134,780, so the area is 28.5% overvalued.
Is Monroe County, IA a buyer's or seller's market?
Monroe County, IA is a balanced market, leaning toward buyers: homes take about 40 days to sell, listings are up 14% from a year ago, 9% of listings have had a price cut.
Are home prices going down in Monroe County, IA?
Home values in Monroe County, IA are up 4.9% over the last year.
How much do you need to earn to buy a home in Monroe County, IA?
A household needs about $37,546 a year to afford the typical home in Monroe County, IA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $69,366.