Example household · $83,730 · same pay · 1 adult

Iowa City

Housing in Iowa City, IA: Rent, Home Prices & Property Tax

$2,845 left/mo

$911/mo (1 bd) in Iowa City. Median home $280,400. Property tax 1.54%.

Rent (1-bedroom)
$911
/mo
Buy
$2,146
Mortgage, tax, insurance
Buying costs more
$1,235
/mo

To buy

  • 20% down payment$56,080
  • Mortgage at 7.24%$1,529
  • Property tax (1.54% of value)$360/mo · $4,318/yr
  • Insurance and upkeep$257
  • Monthly total$2,146

Months to 20% down

$2,845 left each month. About 20 months (1.7 years) to save $56,080.

Rent is Zillow asking rent. The price is the Census median home value. The mortgage is a 30-year fixed at 7.24%, the Freddie Mac PMMS average for the week of Oct 29, 2026, with 20% down.

Guide: state tax and rent when you compare cities

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