The typical owner-occupied home in De Soto is worth about $227,700, 9% above the Iowa median of $208,000 and 32% below the national median of $332,700. Owners pay a median $3,091 a year in property taxes, about 1.36% of their home's value, close to the Iowa rate of 1.39%. The median household earns $97,109 a year, so the median home costs 2.3 times the median income (2.8 times for Iowa). 85% of occupied homes here are lived in by their owners, and 66% of those owners still have a mortgage.
De Soto at a glance
| De Soto | Iowa | U.S. | |
|---|---|---|---|
| Median home value | $227,700 | $208,000 | $332,700 |
| Median property tax paid per year | $3,091 | $2,897 | $3,119 |
| Property tax as a share of value | 1.36% | 1.39% | 0.94% |
| Median household income | $97,109 | $75,059 | $80,734 |
| Homes lived in by their owners | 85% | 72% | 65% |
| Owner homes with a mortgage | 66% | 59% | 61% |
| Median monthly costs, owners with a mortgage | $1,656 | $1,533 | $1,963 |
| Those costs as a share of the owners' income | 18.3% | 18.7% | 21.0% |
| Median rent | $1,089 | $972 | $1,413 |
| Rent as a share of renters' income | 18.5% | 27.4% | 30.6% |
| Median year homes were built | 1976 | 1972 | 1980 |
| Vacant homes | 6.7% | 8.5% | 10.1% |
| Population | 1,041 | 3,210,507 | 334,922,499 |
What a typical home costs per month in De Soto
At this week's average 30-year rate of 7.11%, buying the median De Soto home of $227,700 with 20% down costs about $1,578 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,958, 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 $67,643 for the 20%-down payment. That payment is 20% of the median De Soto household income of $97,109; at that income and 20% down, the 28% guideline points to a home of about $327,000.
The median rent here is $1,089 a month, so owning the median home costs about $489 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $45,540 |
|---|---|
| Loan amount | $182,160 |
| Principal and interest | $1,225 |
| Property taxes (1.36% a year) | $258 |
| Homeowners insurance (our estimate, 0.5% a year) | $95 |
| PMI | $0 |
| Total per month | $1,578 |
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| Down payment | $7,970 |
|---|---|
| Loan amount | $223,576 |
| Principal and interest | $1,504 |
| Property taxes (1.36% a year) | $258 |
| Homeowners insurance (our estimate, 0.5% a year) | $95 |
| FHA mortgage insurance | $101 |
| Total per month | $1,958 |
Change the numbers in the calculator
Questions about home buying in De Soto
What is the median home value in De Soto?
About $227,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in De Soto?
Homeowners pay a median $3,091 a year, which is about 1.36% 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 De Soto?
For the median home with 20% down at 7.11%, the payment is about $1,578 a month. Keeping that under 28% of gross income takes about $67,643 a year.
More about De Soto
- Mortgage Refinance in De Soto
- Debt Relief in De Soto
- Home Equity Loans in De Soto
- 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