The typical owner-occupied home in Elkport is worth about $64,200, 69% below the Iowa median of $208,000 and 81% below the national median of $332,700. Owners pay a median $883 a year in property taxes, about 1.38% of their home's value, close to the Iowa rate of 1.39%. 100% of occupied homes here are lived in by their owners, and 18% of those owners still have a mortgage.
Elkport at a glance
| Elkport | Iowa | U.S. | |
|---|---|---|---|
| Median home value | $64,200 | $208,000 | $332,700 |
| Median property tax paid per year | $883 | $2,897 | $3,119 |
| Property tax as a share of value | 1.38% | 1.39% | 0.94% |
| Median household income | – | $75,059 | $80,734 |
| Homes lived in by their owners | 100% | 72% | 65% |
| Owner homes with a mortgage | 18% | 59% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,533 | $1,963 |
| Median rent | – | $972 | $1,413 |
| Median year homes were built | 1938 | 1972 | 1980 |
| Vacant homes | 0.0% | 8.5% | 10.1% |
| Population | 22 | 3,210,507 | 334,922,499 |
What a typical home costs per month in Elkport
At this week's average 30-year rate of 7.11%, buying the median Elkport home of $64,200 with 20% down costs about $446 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $553, 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 $19,118 for the 20%-down payment.
| Down payment | $12,840 |
|---|---|
| Loan amount | $51,360 |
| Principal and interest | $346 |
| Property taxes (1.38% a year) | $74 |
| Homeowners insurance (our estimate, 0.5% a year) | $27 |
| PMI | $0 |
| Total per month | $446 |
Change the numbers in the calculator
| Down payment | $2,247 |
|---|---|
| Loan amount | $63,037 |
| Principal and interest | $424 |
| Property taxes (1.38% a year) | $74 |
| Homeowners insurance (our estimate, 0.5% a year) | $27 |
| FHA mortgage insurance | $28 |
| Total per month | $553 |
Change the numbers in the calculator
Questions about home buying in Elkport
What is the median home value in Elkport?
About $64,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Elkport?
Homeowners pay a median $883 a year, which is about 1.38% 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 Elkport?
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 $19,118 a year.
More about Elkport
- Mortgage Refinance in Elkport
- Debt Relief in Elkport
- Home Equity Loans in Elkport
- 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