The typical owner-occupied home in Churdan is worth about $74,700, 64% below the Iowa median of $208,000 and 78% below the national median of $332,700. Owners pay a median $950 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 $72,500 a year, so the median home costs 1.0 times the median income (2.8 times for Iowa). 84% of occupied homes here are lived in by their owners, and 48% of those owners still have a mortgage.
Churdan at a glance
| Churdan | Iowa | U.S. | |
|---|---|---|---|
| Median home value | $74,700 | $208,000 | $332,700 |
| Median property tax paid per year | $950 | $2,897 | $3,119 |
| Property tax as a share of value | 1.27% | 1.39% | 0.94% |
| Median household income | $72,500 | $75,059 | $80,734 |
| Homes lived in by their owners | 84% | 72% | 65% |
| Owner homes with a mortgage | 48% | 59% | 61% |
| Median monthly costs, owners with a mortgage | $1,403 | $1,533 | $1,963 |
| Those costs as a share of the owners' income | 17.5% | 18.7% | 21.0% |
| Median rent | $925 | $972 | $1,413 |
| Rent as a share of renters' income | 24.2% | 27.4% | 30.6% |
| Median year homes were built | 1938 | 1972 | 1980 |
| Vacant homes | 27.1% | 8.5% | 10.1% |
| Population | 427 | 3,210,507 | 334,922,499 |
What a typical home costs per month in Churdan
At this week's average 30-year rate of 7.11%, buying the median Churdan home of $74,700 with 20% down costs about $512 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $637, 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 $21,951 for the 20%-down payment. That payment is 8% of the median Churdan household income of $72,500; at that income and 20% down, the 28% guideline points to a home of about $247,000.
The median rent here is $925 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $14,940 |
|---|---|
| Loan amount | $59,760 |
| Principal and interest | $402 |
| Property taxes (1.27% a year) | $79 |
| Homeowners insurance (our estimate, 0.5% a year) | $31 |
| PMI | $0 |
| Total per month | $512 |
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| Down payment | $2,614 |
|---|---|
| Loan amount | $73,347 |
| Principal and interest | $493 |
| Property taxes (1.27% a year) | $79 |
| Homeowners insurance (our estimate, 0.5% a year) | $31 |
| FHA mortgage insurance | $33 |
| Total per month | $637 |
Change the numbers in the calculator
Questions about home buying in Churdan
What is the median home value in Churdan?
About $74,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Churdan?
Homeowners pay a median $950 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 Churdan?
For the median home with 20% down at 7.11%, the payment is about $512 a month. Keeping that under 28% of gross income takes about $21,951 a year.
More about Churdan
- Mortgage Refinance in Churdan
- Debt Relief in Churdan
- Home Equity Loans in Churdan
- 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