The typical owner-occupied home in Decatur County is worth about $113,900, 45% below the Iowa median of $208,000 and 66% below the national median of $332,700. Owners pay a median $1,831 a year in property taxes, about 1.61% of their home's value, higher than the Iowa rate of 1.39%. The median household earns $59,044 a year, so the median home costs 1.9 times the median income (2.8 times for Iowa). 70% of occupied homes here are lived in by their owners, and 47% of those owners still have a mortgage.
Decatur County at a glance
| Decatur County | Iowa | U.S. | |
|---|---|---|---|
| Median home value | $113,900 | $208,000 | $332,700 |
| Median property tax paid per year | $1,831 | $2,897 | $3,119 |
| Property tax as a share of value | 1.61% | 1.39% | 0.94% |
| Median household income | $59,044 | $75,059 | $80,734 |
| Homes lived in by their owners | 70% | 72% | 65% |
| Owner homes with a mortgage | 47% | 59% | 61% |
| Median monthly costs, owners with a mortgage | $1,279 | $1,533 | $1,963 |
| Those costs as a share of the owners' income | 20.9% | 18.7% | 21.0% |
| Median rent | $611 | $972 | $1,413 |
| Rent as a share of renters' income | 19.7% | 27.4% | 30.6% |
| Median year homes were built | 1970 | 1972 | 1980 |
| Vacant homes | 16.5% | 8.5% | 10.1% |
| Population | 7,759 | 3,210,507 | 334,922,499 |
What a typical home costs per month in Decatur County
At this week's average 30-year rate of 7.11%, buying the median Decatur County home of $113,900 with 20% down costs about $813 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,003, 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 $34,853 for the 20%-down payment. That payment is 17% of the median Decatur County household income of $59,044; at that income and 20% down, the 28% guideline points to a home of about $193,000.
The median rent here is $611 a month, so owning the median home costs about $202 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $22,780 |
|---|---|
| Loan amount | $91,120 |
| Principal and interest | $613 |
| Property taxes (1.61% a year) | $153 |
| Homeowners insurance (our estimate, 0.5% a year) | $47 |
| PMI | $0 |
| Total per month | $813 |
Change the numbers in the calculator
| Down payment | $3,986 |
|---|---|
| Loan amount | $111,837 |
| Principal and interest | $752 |
| Property taxes (1.61% a year) | $153 |
| Homeowners insurance (our estimate, 0.5% a year) | $47 |
| FHA mortgage insurance | $50 |
| Total per month | $1,003 |
Change the numbers in the calculator
Questions about home buying in Decatur County
What is the median home value in Decatur County?
About $113,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Decatur County?
Homeowners pay a median $1,831 a year, which is about 1.61% 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 Decatur County?
For the median home with 20% down at 7.11%, the payment is about $813 a month. Keeping that under 28% of gross income takes about $34,853 a year.
More about Decatur County
- Mortgage Refinance in Decatur County
- Debt Relief in Decatur County
- Home Equity Loans in Decatur County
- 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