The typical owner-occupied home in Masonville is worth about $65,600, 68% below the Iowa median of $208,000 and 80% below the national median of $332,700. Owners pay a median $788 a year in property taxes, about 1.20% of their home's value, lower than the Iowa rate of 1.39%. The median household earns $50,000 a year, so the median home costs 1.3 times the median income (2.8 times for Iowa). 92% of occupied homes here are lived in by their owners, and 43% of those owners still have a mortgage.
Masonville at a glance
| Masonville | Iowa | U.S. | |
|---|---|---|---|
| Median home value | $65,600 | $208,000 | $332,700 |
| Median property tax paid per year | $788 | $2,897 | $3,119 |
| Property tax as a share of value | 1.20% | 1.39% | 0.94% |
| Median household income | $50,000 | $75,059 | $80,734 |
| Homes lived in by their owners | 92% | 72% | 65% |
| Owner homes with a mortgage | 43% | 59% | 61% |
| Median monthly costs, owners with a mortgage | $790 | $1,533 | $1,963 |
| Those costs as a share of the owners' income | 20.6% | 18.7% | 21.0% |
| Median rent | – | $972 | $1,413 |
| Median year homes were built | 1938 | 1972 | 1980 |
| Vacant homes | 15.6% | 8.5% | 10.1% |
| Population | 68 | 3,210,507 | 334,922,499 |
What a typical home costs per month in Masonville
At this week's average 30-year rate of 7.11%, buying the median Masonville home of $65,600 with 20% down costs about $446 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $555, 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 $19,113 for the 20%-down payment. That payment is 11% of the median Masonville household income of $50,000; at that income and 20% down, the 28% guideline points to a home of about $172,000.
| Down payment | $13,120 |
|---|---|
| Loan amount | $52,480 |
| Principal and interest | $353 |
| Property taxes (1.20% a year) | $66 |
| Homeowners insurance (our estimate, 0.5% a year) | $27 |
| PMI | $0 |
| Total per month | $446 |
Change the numbers in the calculator
| Down payment | $2,296 |
|---|---|
| Loan amount | $64,412 |
| Principal and interest | $433 |
| Property taxes (1.20% a year) | $66 |
| Homeowners insurance (our estimate, 0.5% a year) | $27 |
| FHA mortgage insurance | $29 |
| Total per month | $555 |
Change the numbers in the calculator
Questions about home buying in Masonville
What is the median home value in Masonville?
About $65,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Masonville?
Homeowners pay a median $788 a year, which is about 1.20% 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 Masonville?
For the median home with 20% down at 7.11%, the payment is about $446 a month. Keeping that under 28% of gross income takes about $19,113 a year.
More about Masonville
- Mortgage Refinance in Masonville
- Debt Relief in Masonville
- Home Equity Loans in Masonville
- 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