The typical owner-occupied home in Pomeroy is worth about $70,200, 66% below the Iowa median of $208,000 and 79% below the national median of $332,700. Owners pay a median $934 a year in property taxes, about 1.33% of their home's value, close to the Iowa rate of 1.39%. The median household earns $53,542 a year, so the median home costs 1.3 times the median income (2.8 times for Iowa). 84% of occupied homes here are lived in by their owners, and 39% of those owners still have a mortgage.
Pomeroy at a glance
| Pomeroy | Iowa | U.S. | |
|---|---|---|---|
| Median home value | $70,200 | $208,000 | $332,700 |
| Median property tax paid per year | $934 | $2,897 | $3,119 |
| Property tax as a share of value | 1.33% | 1.39% | 0.94% |
| Median household income | $53,542 | $75,059 | $80,734 |
| Homes lived in by their owners | 84% | 72% | 65% |
| Owner homes with a mortgage | 39% | 59% | 61% |
| Median monthly costs, owners with a mortgage | $833 | $1,533 | $1,963 |
| Those costs as a share of the owners' income | 23.8% | 18.7% | 21.0% |
| Median rent | $645 | $972 | $1,413 |
| Rent as a share of renters' income | 18.5% | 27.4% | 30.6% |
| Median year homes were built | 1961 | 1972 | 1980 |
| Vacant homes | 22.0% | 8.5% | 10.1% |
| Population | 542 | 3,210,507 | 334,922,499 |
What a typical home costs per month in Pomeroy
At this week's average 30-year rate of 7.11%, buying the median Pomeroy home of $70,200 with 20% down costs about $485 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $602, 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 $20,779 for the 20%-down payment. That payment is 11% of the median Pomeroy household income of $53,542; at that income and 20% down, the 28% guideline points to a home of about $181,000.
The median rent here is $645 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $14,040 |
|---|---|
| Loan amount | $56,160 |
| Principal and interest | $378 |
| Property taxes (1.33% a year) | $78 |
| Homeowners insurance (our estimate, 0.5% a year) | $29 |
| PMI | $0 |
| Total per month | $485 |
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| Down payment | $2,457 |
|---|---|
| Loan amount | $68,928 |
| Principal and interest | $464 |
| Property taxes (1.33% a year) | $78 |
| Homeowners insurance (our estimate, 0.5% a year) | $29 |
| FHA mortgage insurance | $31 |
| Total per month | $602 |
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Questions about home buying in Pomeroy
What is the median home value in Pomeroy?
About $70,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Pomeroy?
Homeowners pay a median $934 a year, which is about 1.33% 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 Pomeroy?
For the median home with 20% down at 7.11%, the payment is about $485 a month. Keeping that under 28% of gross income takes about $20,779 a year.
More about Pomeroy
- Mortgage Refinance in Pomeroy
- Debt Relief in Pomeroy
- Home Equity Loans in Pomeroy
- 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