Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$292,064+2.7% YoY · prices are rising
Market right nowBalanced marketMore homes for sale than last year, 20% have cut their price
Income needed to buy, per year$63,313About 0.9× the local median income ($69,868): affordable for a typical household
Days on market52 daysFaster than a year ago: sellers have the edge
Next 12 months+2.2%Zillow expects prices to rise slightly
The typical home in Story County, IA is worth $292,064, up 2.7% from a year ago. That is well above what local incomes have historically supported: fair value is about $258,356, so the area is 13.0% overvalued. It is a balanced market: homes take about 52 days to sell, listings are up 26% from a year ago, 20% of listings have had a price cut. Zillow expects prices to rise about 2.2% over the next year. A household needs about $63,313 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 $69,868. Typical rent is $1,245 a month, or $1,612 for a house. In the latest IRS figures, 547 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
$292,064
Change in 1 year
+2.7%
Overvalued %
+13.0%
Show 7 more
Fair home value
$258,356
Change in 5 years
+20.2%
Zillow forecast, next 12 months
+2.2%
Home value to income
4.2×
Monthly mortgage payment (20% down)
$1,583
Income needed to afford it
$63,313
Property tax rate
1.40%
Rent and investing
Typical rent
$1,245
Typical rent for houses
$1,612
Price-to-rent ratio
19.5×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,061
Gross rental yield
5.12%
Cap rate (estimate)
3.33%
Market activity
Listings vs a year ago
+25.7%
Days on market
52
Listings with a price cut
19.5%
Show 3 more
Homes for sale
259
Pending sales per 100 listings
45
Asking price per sq ft
$224
People and jobs
Median household income
$69,868
Population change (1 year)
−0.1%
Unemployment rate
4.8%
Show 4 more
Population
101,291
Income adjusted for cost of living
$78,680
Net moves in (IRS)
−547
Cost of living (US = 100)
88.8
Schools, risk and environment
School rating (1 to 10)
7.6
FEMA hazard risk score (0 to 100)
68.8
Unhealthy air days a year
0
Show 4 more
Flood risk score
69.1
Wildfire risk score
30.3
Walkability (1 to 20)
7.6
Road, rail and air noise
54 dB
Questions people ask
Is Story County, IA overvalued?
Home prices in Story County, IA are well above what local incomes have historically supported: fair value is about $258,356, so the area is 13.0% overvalued.
Is Story County, IA a buyer's or seller's market?
Story County, IA is a balanced market: homes take about 52 days to sell, listings are up 26% from a year ago, 20% of listings have had a price cut.
Are home prices going down in Story County, IA?
Home values in Story County, IA are up 2.7% 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 Story County, IA?
A household needs about $63,313 a year to afford the typical home in Story County, IA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $69,868.