The typical owner-occupied home in Arnolds Park is worth about $438,900, 2.1 times the Iowa median of $208,000 and 32% above the national median of $332,700. Owners pay a median $3,836 a year in property taxes, about 0.87% of their home's value, lower than the Iowa rate of 1.39%. The median household earns $86,833 a year, so the median home costs 5.1 times the median income (2.8 times for Iowa). 91% of occupied homes here are lived in by their owners, and 43% of those owners still have a mortgage.
Arnolds Park at a glance
| Arnolds Park | Iowa | U.S. | |
|---|---|---|---|
| Median home value | $438,900 | $208,000 | $332,700 |
| Median property tax paid per year | $3,836 | $2,897 | $3,119 |
| Property tax as a share of value | 0.87% | 1.39% | 0.94% |
| Median household income | $86,833 | $75,059 | $80,734 |
| Homes lived in by their owners | 91% | 72% | 65% |
| Owner homes with a mortgage | 43% | 59% | 61% |
| Median monthly costs, owners with a mortgage | $1,633 | $1,533 | $1,963 |
| Those costs as a share of the owners' income | 19.0% | 18.7% | 21.0% |
| Median rent | $485 | $972 | $1,413 |
| Rent as a share of renters' income | 28.1% | 27.4% | 30.6% |
| Median year homes were built | 1997 | 1972 | 1980 |
| Vacant homes | 67.7% | 8.5% | 10.1% |
| Population | 922 | 3,210,507 | 334,922,499 |
What a typical home costs per month in Arnolds Park
At this week's average 30-year rate of 7.11%, buying the median Arnolds Park home of $438,900 with 20% down costs about $2,863 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,594, 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 $122,704 for the 20%-down payment. That payment is 40% of the median Arnolds Park household income of $86,833; at that income and 20% down, the 28% guideline points to a home of about $311,000.
The median rent here is $485 a month, so owning the median home costs about $2,378 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $87,780 |
|---|---|
| Loan amount | $351,120 |
| Principal and interest | $2,362 |
| Property taxes (0.87% a year) | $318 |
| Homeowners insurance (our estimate, 0.5% a year) | $183 |
| PMI | $0 |
| Total per month | $2,863 |
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| Down payment | $15,362 |
|---|---|
| Loan amount | $430,950 |
| Principal and interest | $2,899 |
| Property taxes (0.87% a year) | $318 |
| Homeowners insurance (our estimate, 0.5% a year) | $183 |
| FHA mortgage insurance | $194 |
| Total per month | $3,594 |
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Questions about home buying in Arnolds Park
What is the median home value in Arnolds Park?
About $438,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Arnolds Park?
Homeowners pay a median $3,836 a year, which is about 0.87% 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 Arnolds Park?
For the median home with 20% down at 7.11%, the payment is about $2,863 a month. Keeping that under 28% of gross income takes about $122,704 a year.
More about Arnolds Park
- Mortgage Refinance in Arnolds Park
- Debt Relief in Arnolds Park
- Home Equity Loans in Arnolds Park
- 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