The typical owner-occupied home in Mediapolis is worth about $179,700, 14% below the Iowa median of $208,000 and 46% below the national median of $332,700. Owners pay a median $2,284 a year in property taxes, about 1.27% of their home's value, lower than the Iowa rate of 1.39%. The median household earns $75,543 a year, so the median home costs 2.4 times the median income (2.8 times for Iowa). 78% of occupied homes here are lived in by their owners, and 58% of those owners still have a mortgage.
Mediapolis at a glance
| Mediapolis | Iowa | U.S. | |
|---|---|---|---|
| Median home value | $179,700 | $208,000 | $332,700 |
| Median property tax paid per year | $2,284 | $2,897 | $3,119 |
| Property tax as a share of value | 1.27% | 1.39% | 0.94% |
| Median household income | $75,543 | $75,059 | $80,734 |
| Homes lived in by their owners | 78% | 72% | 65% |
| Owner homes with a mortgage | 58% | 59% | 61% |
| Median monthly costs, owners with a mortgage | $1,389 | $1,533 | $1,963 |
| Those costs as a share of the owners' income | 17.2% | 18.7% | 21.0% |
| Median rent | $1,040 | $972 | $1,413 |
| Rent as a share of renters' income | 38.7% | 27.4% | 30.6% |
| Median year homes were built | 1971 | 1972 | 1980 |
| Vacant homes | 5.4% | 8.5% | 10.1% |
| Population | 1,928 | 3,210,507 | 334,922,499 |
What a typical home costs per month in Mediapolis
At this week's average 30-year rate of 7.11%, buying the median Mediapolis home of $179,700 with 20% down costs about $1,232 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,532, 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 $52,806 for the 20%-down payment. That payment is 20% of the median Mediapolis household income of $75,543; at that income and 20% down, the 28% guideline points to a home of about $257,000.
The median rent here is $1,040 a month, so owning the median home costs about $192 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $35,940 |
|---|---|
| Loan amount | $143,760 |
| Principal and interest | $967 |
| Property taxes (1.27% a year) | $190 |
| Homeowners insurance (our estimate, 0.5% a year) | $75 |
| PMI | $0 |
| Total per month | $1,232 |
Change the numbers in the calculator
| Down payment | $6,290 |
|---|---|
| Loan amount | $176,445 |
| Principal and interest | $1,187 |
| Property taxes (1.27% a year) | $190 |
| Homeowners insurance (our estimate, 0.5% a year) | $75 |
| FHA mortgage insurance | $79 |
| Total per month | $1,532 |
Change the numbers in the calculator
Questions about home buying in Mediapolis
What is the median home value in Mediapolis?
About $179,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Mediapolis?
Homeowners pay a median $2,284 a year, which is about 1.27% 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 Mediapolis?
For the median home with 20% down at 7.11%, the payment is about $1,232 a month. Keeping that under 28% of gross income takes about $52,806 a year.
More about Mediapolis
- Mortgage Refinance in Mediapolis
- Debt Relief in Mediapolis
- Home Equity Loans in Mediapolis
- 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