The typical owner-occupied home in Steamboat Rock is worth about $105,800, 49% below the Iowa median of $208,000 and 68% below the national median of $332,700. Owners pay a median $1,000 a year in property taxes, about 0.95% of their home's value, lower than the Iowa rate of 1.39%. The median household earns $47,188 a year, so the median home costs 2.2 times the median income (2.8 times for Iowa). 74% of occupied homes here are lived in by their owners, and 53% of those owners still have a mortgage.
Steamboat Rock at a glance
| Steamboat Rock | Iowa | U.S. | |
|---|---|---|---|
| Median home value | $105,800 | $208,000 | $332,700 |
| Median property tax paid per year | $1,000 | $2,897 | $3,119 |
| Property tax as a share of value | 0.95% | 1.39% | 0.94% |
| Median household income | $47,188 | $75,059 | $80,734 |
| Homes lived in by their owners | 74% | 72% | 65% |
| Owner homes with a mortgage | 53% | 59% | 61% |
| Median monthly costs, owners with a mortgage | $958 | $1,533 | $1,963 |
| Those costs as a share of the owners' income | 14.8% | 18.7% | 21.0% |
| Median rent | $771 | $972 | $1,413 |
| Rent as a share of renters' income | 35.4% | 27.4% | 30.6% |
| Median year homes were built | 1943 | 1972 | 1980 |
| Vacant homes | 13.6% | 8.5% | 10.1% |
| Population | 312 | 3,210,507 | 334,922,499 |
What a typical home costs per month in Steamboat Rock
At this week's average 30-year rate of 7.11%, buying the median Steamboat Rock home of $105,800 with 20% down costs about $697 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $873, 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 $29,881 for the 20%-down payment. That payment is 18% of the median Steamboat Rock household income of $47,188; at that income and 20% down, the 28% guideline points to a home of about $167,000.
The median rent here is $771 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $21,160 |
|---|---|
| Loan amount | $84,640 |
| Principal and interest | $569 |
| Property taxes (0.95% a year) | $84 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| PMI | $0 |
| Total per month | $697 |
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| Down payment | $3,703 |
|---|---|
| Loan amount | $103,884 |
| Principal and interest | $699 |
| Property taxes (0.95% a year) | $84 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| FHA mortgage insurance | $47 |
| Total per month | $873 |
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Questions about home buying in Steamboat Rock
What is the median home value in Steamboat Rock?
About $105,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Steamboat Rock?
Homeowners pay a median $1,000 a year, which is about 0.95% 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 Steamboat Rock?
For the median home with 20% down at 7.11%, the payment is about $697 a month. Keeping that under 28% of gross income takes about $29,881 a year.
More about Steamboat Rock
- Mortgage Refinance in Steamboat Rock
- Debt Relief in Steamboat Rock
- Home Equity Loans in Steamboat Rock
- 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