The typical owner-occupied home in Volga is worth about $80,700, 61% below the Iowa median of $208,000 and 76% below the national median of $332,700. Owners pay a median $2,027 a year in property taxes, about 2.51% of their home's value, higher than the Iowa rate of 1.39%. The median household earns $54,063 a year, so the median home costs 1.5 times the median income (2.8 times for Iowa). 89% of occupied homes here are lived in by their owners, and 21% of those owners still have a mortgage.
Volga at a glance
| Volga | Iowa | U.S. | |
|---|---|---|---|
| Median home value | $80,700 | $208,000 | $332,700 |
| Median property tax paid per year | $2,027 | $2,897 | $3,119 |
| Property tax as a share of value | 2.51% | 1.39% | 0.94% |
| Median household income | $54,063 | $75,059 | $80,734 |
| Homes lived in by their owners | 89% | 72% | 65% |
| Owner homes with a mortgage | 21% | 59% | 61% |
| Median monthly costs, owners with a mortgage | $1,458 | $1,533 | $1,963 |
| Those costs as a share of the owners' income | 37.1% | 18.7% | 21.0% |
| Median rent | – | $972 | $1,413 |
| Median year homes were built | 1938 | 1972 | 1980 |
| Vacant homes | 24.8% | 8.5% | 10.1% |
| Population | 216 | 3,210,507 | 334,922,499 |
What a typical home costs per month in Volga
At this week's average 30-year rate of 7.11%, buying the median Volga home of $80,700 with 20% down costs about $637 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $771, 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 $27,288 for the 20%-down payment. That payment is 14% of the median Volga household income of $54,063; at that income and 20% down, the 28% guideline points to a home of about $160,000.
| Down payment | $16,140 |
|---|---|
| Loan amount | $64,560 |
| Principal and interest | $434 |
| Property taxes (2.51% a year) | $169 |
| Homeowners insurance (our estimate, 0.5% a year) | $34 |
| PMI | $0 |
| Total per month | $637 |
Change the numbers in the calculator
| Down payment | $2,824 |
|---|---|
| Loan amount | $79,238 |
| Principal and interest | $533 |
| Property taxes (2.51% a year) | $169 |
| Homeowners insurance (our estimate, 0.5% a year) | $34 |
| FHA mortgage insurance | $36 |
| Total per month | $771 |
Change the numbers in the calculator
Questions about home buying in Volga
What is the median home value in Volga?
About $80,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Volga?
Homeowners pay a median $2,027 a year, which is about 2.51% 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 Volga?
For the median home with 20% down at 7.11%, the payment is about $637 a month. Keeping that under 28% of gross income takes about $27,288 a year.
More about Volga
- Mortgage Refinance in Volga
- Debt Relief in Volga
- Home Equity Loans in Volga
- 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