The typical owner-occupied home in Walford is worth about $303,000, 46% above the Iowa median of $208,000 and 9% below the national median of $332,700. Owners pay a median $4,236 a year in property taxes, about 1.40% of their home's value, close to the Iowa rate of 1.39%. The median household earns $128,750 a year, so the median home costs 2.4 times the median income (2.8 times for Iowa). 92% of occupied homes here are lived in by their owners, and 68% of those owners still have a mortgage.
Walford at a glance
| Walford | Iowa | U.S. | |
|---|---|---|---|
| Median home value | $303,000 | $208,000 | $332,700 |
| Median property tax paid per year | $4,236 | $2,897 | $3,119 |
| Property tax as a share of value | 1.40% | 1.39% | 0.94% |
| Median household income | $128,750 | $75,059 | $80,734 |
| Homes lived in by their owners | 92% | 72% | 65% |
| Owner homes with a mortgage | 68% | 59% | 61% |
| Median monthly costs, owners with a mortgage | $2,056 | $1,533 | $1,963 |
| Those costs as a share of the owners' income | 18.5% | 18.7% | 21.0% |
| Median rent | – | $972 | $1,413 |
| Rent as a share of renters' income | 28.0% | 27.4% | 30.6% |
| Median year homes were built | 1994 | 1972 | 1980 |
| Vacant homes | 6.0% | 8.5% | 10.1% |
| Population | 1,329 | 3,210,507 | 334,922,499 |
What a typical home costs per month in Walford
At this week's average 30-year rate of 7.11%, buying the median Walford home of $303,000 with 20% down costs about $2,110 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,615, 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 $90,445 for the 20%-down payment. That payment is 20% of the median Walford household income of $128,750; at that income and 20% down, the 28% guideline points to a home of about $431,000.
| Down payment | $60,600 |
|---|---|
| Loan amount | $242,400 |
| Principal and interest | $1,631 |
| Property taxes (1.40% a year) | $354 |
| Homeowners insurance (our estimate, 0.5% a year) | $126 |
| PMI | $0 |
| Total per month | $2,110 |
Change the numbers in the calculator
| Down payment | $10,605 |
|---|---|
| Loan amount | $297,512 |
| Principal and interest | $2,001 |
| Property taxes (1.40% a year) | $354 |
| Homeowners insurance (our estimate, 0.5% a year) | $126 |
| FHA mortgage insurance | $134 |
| Total per month | $2,615 |
Change the numbers in the calculator
Questions about home buying in Walford
What is the median home value in Walford?
About $303,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Walford?
Homeowners pay a median $4,236 a year, which is about 1.40% 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 Walford?
For the median home with 20% down at 7.11%, the payment is about $2,110 a month. Keeping that under 28% of gross income takes about $90,445 a year.
More about Walford
- Mortgage Refinance in Walford
- Debt Relief in Walford
- Home Equity Loans in Walford
- 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