The typical owner-occupied home in La Porte City is worth about $163,200, 22% below the Iowa median of $208,000 and 51% below the national median of $332,700. Owners pay a median $2,482 a year in property taxes, about 1.52% of their home's value, higher than the Iowa rate of 1.39%. The median household earns $70,500 a year, so the median home costs 2.3 times the median income (2.8 times for Iowa). 78% of occupied homes here are lived in by their owners, and 65% of those owners still have a mortgage.
La Porte City at a glance
| La Porte City | Iowa | U.S. | |
|---|---|---|---|
| Median home value | $163,200 | $208,000 | $332,700 |
| Median property tax paid per year | $2,482 | $2,897 | $3,119 |
| Property tax as a share of value | 1.52% | 1.39% | 0.94% |
| Median household income | $70,500 | $75,059 | $80,734 |
| Homes lived in by their owners | 78% | 72% | 65% |
| Owner homes with a mortgage | 65% | 59% | 61% |
| Median monthly costs, owners with a mortgage | $1,527 | $1,533 | $1,963 |
| Those costs as a share of the owners' income | 20.0% | 18.7% | 21.0% |
| Median rent | $955 | $972 | $1,413 |
| Rent as a share of renters' income | 24.5% | 27.4% | 30.6% |
| Median year homes were built | 1957 | 1972 | 1980 |
| Vacant homes | 9.6% | 8.5% | 10.1% |
| Population | 2,071 | 3,210,507 | 334,922,499 |
What a typical home costs per month in La Porte City
At this week's average 30-year rate of 7.11%, buying the median La Porte City home of $163,200 with 20% down costs about $1,153 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,425, 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 $49,415 for the 20%-down payment. That payment is 20% of the median La Porte City household income of $70,500; at that income and 20% down, the 28% guideline points to a home of about $233,000.
The median rent here is $955 a month, so owning the median home costs about $198 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $32,640 |
|---|---|
| Loan amount | $130,560 |
| Principal and interest | $878 |
| Property taxes (1.52% a year) | $207 |
| Homeowners insurance (our estimate, 0.5% a year) | $68 |
| PMI | $0 |
| Total per month | $1,153 |
Change the numbers in the calculator
| Down payment | $5,712 |
|---|---|
| Loan amount | $160,244 |
| Principal and interest | $1,078 |
| Property taxes (1.52% a year) | $207 |
| Homeowners insurance (our estimate, 0.5% a year) | $68 |
| FHA mortgage insurance | $72 |
| Total per month | $1,425 |
Change the numbers in the calculator
Questions about home buying in La Porte City
What is the median home value in La Porte City?
About $163,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in La Porte City?
Homeowners pay a median $2,482 a year, which is about 1.52% 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 La Porte City?
For the median home with 20% down at 7.11%, the payment is about $1,153 a month. Keeping that under 28% of gross income takes about $49,415 a year.
More about La Porte City
- Mortgage Refinance in La Porte City
- Debt Relief in La Porte City
- Home Equity Loans in La Porte City
- 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