The typical owner-occupied home in Iona is worth about $420,300, about the same as the Idaho median of $418,600 and 26% above the national median of $332,700. Owners pay a median $1,850 a year in property taxes, about 0.44% of their home's value, lower than the Idaho rate of 0.49%. The median household earns $84,914 a year, so the median home costs 4.9 times the median income (5.4 times for Idaho). 87% of occupied homes here are lived in by their owners, and 77% of those owners still have a mortgage.
Iona at a glance
| Iona | Idaho | U.S. | |
|---|---|---|---|
| Median home value | $420,300 | $418,600 | $332,700 |
| Median property tax paid per year | $1,850 | $2,038 | $3,119 |
| Property tax as a share of value | 0.44% | 0.49% | 0.94% |
| Median household income | $84,914 | $77,800 | $80,734 |
| Homes lived in by their owners | 87% | 72% | 65% |
| Owner homes with a mortgage | 77% | 62% | 61% |
| Median monthly costs, owners with a mortgage | $1,861 | $1,687 | $1,963 |
| Those costs as a share of the owners' income | 20.0% | 20.7% | 21.0% |
| Median rent | $1,533 | $1,238 | $1,413 |
| Rent as a share of renters' income | 24.9% | 28.7% | 30.6% |
| Median year homes were built | 2007 | 1991 | 1980 |
| Vacant homes | 8.0% | 10.3% | 10.1% |
| Population | 2,984 | 1,934,262 | 334,922,499 |
What a typical home costs per month in Iona
At this week's average 30-year rate of 7.11%, buying the median Iona home of $420,300 with 20% down costs about $2,591 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,291, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $111,049 for the 20%-down payment. That payment is 37% of the median Iona household income of $84,914; at that income and 20% down, the 28% guideline points to a home of about $321,000.
The median rent here is $1,533 a month, so owning the median home costs about $1,058 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $84,060 |
|---|---|
| Loan amount | $336,240 |
| Principal and interest | $2,262 |
| Property taxes (0.44% a year) | $154 |
| Homeowners insurance (our estimate, 0.5% a year) | $175 |
| PMI | $0 |
| Total per month | $2,591 |
Change the numbers in the calculator
| Down payment | $14,710 |
|---|---|
| Loan amount | $412,687 |
| Principal and interest | $2,776 |
| Property taxes (0.44% a year) | $154 |
| Homeowners insurance (our estimate, 0.5% a year) | $175 |
| FHA mortgage insurance | $186 |
| Total per month | $3,291 |
Change the numbers in the calculator
Questions about home buying in Iona
What is the median home value in Iona?
About $420,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Iona?
Homeowners pay a median $1,850 a year, which is about 0.44% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Iona?
For the median home with 20% down at 7.11%, the payment is about $2,591 a month. Keeping that under 28% of gross income takes about $111,049 a year.
More about Iona
- Mortgage Refinance in Iona
- Debt Relief in Iona
- Home Equity Loans in Iona
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data