The typical owner-occupied home in Geneva is worth about $61,400, 70% below the Iowa median of $208,000 and 82% below the national median of $332,700. Owners pay a median $820 a year in property taxes, about 1.34% of their home's value, close to the Iowa rate of 1.39%. The median household earns $56,250 a year, so the median home costs 1.1 times the median income (2.8 times for Iowa). 81% of occupied homes here are lived in by their owners, and 33% of those owners still have a mortgage.
Geneva at a glance
| Geneva | Iowa | U.S. | |
|---|---|---|---|
| Median home value | $61,400 | $208,000 | $332,700 |
| Median property tax paid per year | $820 | $2,897 | $3,119 |
| Property tax as a share of value | 1.34% | 1.39% | 0.94% |
| Median household income | $56,250 | $75,059 | $80,734 |
| Homes lived in by their owners | 81% | 72% | 65% |
| Owner homes with a mortgage | 33% | 59% | 61% |
| Median monthly costs, owners with a mortgage | $1,025 | $1,533 | $1,963 |
| Those costs as a share of the owners' income | 20.4% | 18.7% | 21.0% |
| Median rent | $669 | $972 | $1,413 |
| Rent as a share of renters' income | 51.0% | 27.4% | 30.6% |
| Median year homes were built | 1938 | 1972 | 1980 |
| Vacant homes | 23.2% | 8.5% | 10.1% |
| Population | 152 | 3,210,507 | 334,922,499 |
What a typical home costs per month in Geneva
At this week's average 30-year rate of 7.11%, buying the median Geneva home of $61,400 with 20% down costs about $425 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $527, 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 $18,196 for the 20%-down payment. That payment is 9% of the median Geneva household income of $56,250; at that income and 20% down, the 28% guideline points to a home of about $190,000.
The median rent here is $669 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $12,280 |
|---|---|
| Loan amount | $49,120 |
| Principal and interest | $330 |
| Property taxes (1.34% a year) | $69 |
| Homeowners insurance (our estimate, 0.5% a year) | $26 |
| PMI | $0 |
| Total per month | $425 |
Change the numbers in the calculator
| Down payment | $2,149 |
|---|---|
| Loan amount | $60,288 |
| Principal and interest | $406 |
| Property taxes (1.34% a year) | $69 |
| Homeowners insurance (our estimate, 0.5% a year) | $26 |
| FHA mortgage insurance | $27 |
| Total per month | $527 |
Change the numbers in the calculator
Questions about home buying in Geneva
What is the median home value in Geneva?
About $61,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Geneva?
Homeowners pay a median $820 a year, which is about 1.34% 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 Geneva?
For the median home with 20% down at 7.11%, the payment is about $425 a month. Keeping that under 28% of gross income takes about $18,196 a year.
More about Geneva
- Mortgage Refinance in Geneva
- Debt Relief in Geneva
- Home Equity Loans in Geneva
- 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