The typical owner-occupied home in Appanoose County is worth about $124,200, 40% below the Iowa median of $208,000 and 63% below the national median of $332,700. Owners pay a median $1,667 a year in property taxes, about 1.34% of their home's value, close to the Iowa rate of 1.39%. The median household earns $54,934 a year, so the median home costs 2.3 times the median income (2.8 times for Iowa). 69% of occupied homes here are lived in by their owners, and 53% of those owners still have a mortgage.
Appanoose County at a glance
| Appanoose County | Iowa | U.S. | |
|---|---|---|---|
| Median home value | $124,200 | $208,000 | $332,700 |
| Median property tax paid per year | $1,667 | $2,897 | $3,119 |
| Property tax as a share of value | 1.34% | 1.39% | 0.94% |
| Median household income | $54,934 | $75,059 | $80,734 |
| Homes lived in by their owners | 69% | 72% | 65% |
| Owner homes with a mortgage | 53% | 59% | 61% |
| Median monthly costs, owners with a mortgage | $1,282 | $1,533 | $1,963 |
| Those costs as a share of the owners' income | 19.6% | 18.7% | 21.0% |
| Median rent | $784 | $972 | $1,413 |
| Rent as a share of renters' income | 28.8% | 27.4% | 30.6% |
| Median year homes were built | 1964 | 1972 | 1980 |
| Vacant homes | 17.6% | 8.5% | 10.1% |
| Population | 12,184 | 3,210,507 | 334,922,499 |
What a typical home costs per month in Appanoose County
At this week's average 30-year rate of 7.11%, buying the median Appanoose County home of $124,200 with 20% down costs about $859 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,066, 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 $36,807 for the 20%-down payment. That payment is 19% of the median Appanoose County household income of $54,934; at that income and 20% down, the 28% guideline points to a home of about $185,000.
The median rent here is $784 a month, so owning the median home costs about $75 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $24,840 |
|---|---|
| Loan amount | $99,360 |
| Principal and interest | $668 |
| Property taxes (1.34% a year) | $139 |
| Homeowners insurance (our estimate, 0.5% a year) | $52 |
| PMI | $0 |
| Total per month | $859 |
Change the numbers in the calculator
| Down payment | $4,347 |
|---|---|
| Loan amount | $121,950 |
| Principal and interest | $820 |
| Property taxes (1.34% a year) | $139 |
| Homeowners insurance (our estimate, 0.5% a year) | $52 |
| FHA mortgage insurance | $55 |
| Total per month | $1,066 |
Change the numbers in the calculator
Questions about home buying in Appanoose County
What is the median home value in Appanoose County?
About $124,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Appanoose County?
Homeowners pay a median $1,667 a year, which is about 1.34% 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 Appanoose County?
For the median home with 20% down at 7.11%, the payment is about $859 a month. Keeping that under 28% of gross income takes about $36,807 a year.
More about Appanoose County
- Mortgage Refinance in Appanoose County
- Debt Relief in Appanoose County
- Home Equity Loans in Appanoose County
- 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