The typical owner-occupied home in Randolph is worth about $90,500, 56% below the Iowa median of $208,000 and 73% below the national median of $332,700. Owners pay a median $1,286 a year in property taxes, about 1.42% of their home's value, close to the Iowa rate of 1.39%. The median household earns $46,500 a year, so the median home costs 1.9 times the median income (2.8 times for Iowa). 78% of occupied homes here are lived in by their owners, and 54% of those owners still have a mortgage.
Randolph at a glance
| Randolph | Iowa | U.S. | |
|---|---|---|---|
| Median home value | $90,500 | $208,000 | $332,700 |
| Median property tax paid per year | $1,286 | $2,897 | $3,119 |
| Property tax as a share of value | 1.42% | 1.39% | 0.94% |
| Median household income | $46,500 | $75,059 | $80,734 |
| Homes lived in by their owners | 78% | 72% | 65% |
| Owner homes with a mortgage | 54% | 59% | 61% |
| Median monthly costs, owners with a mortgage | $972 | $1,533 | $1,963 |
| Those costs as a share of the owners' income | 22.5% | 18.7% | 21.0% |
| Median rent | $1,094 | $972 | $1,413 |
| Rent as a share of renters' income | 13.8% | 27.4% | 30.6% |
| Median year homes were built | 1938 | 1972 | 1980 |
| Vacant homes | 1.3% | 8.5% | 10.1% |
| Population | 235 | 3,210,507 | 334,922,499 |
What a typical home costs per month in Randolph
At this week's average 30-year rate of 7.11%, buying the median Randolph home of $90,500 with 20% down costs about $632 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $783, 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 $27,079 for the 20%-down payment. That payment is 16% of the median Randolph household income of $46,500; at that income and 20% down, the 28% guideline points to a home of about $155,000.
The median rent here is $1,094 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $18,100 |
|---|---|
| Loan amount | $72,400 |
| Principal and interest | $487 |
| Property taxes (1.42% a year) | $107 |
| Homeowners insurance (our estimate, 0.5% a year) | $38 |
| PMI | $0 |
| Total per month | $632 |
Change the numbers in the calculator
| Down payment | $3,168 |
|---|---|
| Loan amount | $88,861 |
| Principal and interest | $598 |
| Property taxes (1.42% a year) | $107 |
| Homeowners insurance (our estimate, 0.5% a year) | $38 |
| FHA mortgage insurance | $40 |
| Total per month | $783 |
Change the numbers in the calculator
Questions about home buying in Randolph
What is the median home value in Randolph?
About $90,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Randolph?
Homeowners pay a median $1,286 a year, which is about 1.42% 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 Randolph?
For the median home with 20% down at 7.11%, the payment is about $632 a month. Keeping that under 28% of gross income takes about $27,079 a year.
More about Randolph
- Mortgage Refinance in Randolph
- Debt Relief in Randolph
- Home Equity Loans in Randolph
- 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