The typical owner-occupied home in Ida Grove is worth about $94,900, 54% below the Iowa median of $208,000 and 71% below the national median of $332,700. Owners pay a median $1,239 a year in property taxes, about 1.31% of their home's value, lower than the Iowa rate of 1.39%. The median household earns $61,250 a year, so the median home costs 1.5 times the median income (2.8 times for Iowa). 70% of occupied homes here are lived in by their owners, and 44% of those owners still have a mortgage.
Ida Grove at a glance
| Ida Grove | Iowa | U.S. | |
|---|---|---|---|
| Median home value | $94,900 | $208,000 | $332,700 |
| Median property tax paid per year | $1,239 | $2,897 | $3,119 |
| Property tax as a share of value | 1.31% | 1.39% | 0.94% |
| Median household income | $61,250 | $75,059 | $80,734 |
| Homes lived in by their owners | 70% | 72% | 65% |
| Owner homes with a mortgage | 44% | 59% | 61% |
| Median monthly costs, owners with a mortgage | $1,079 | $1,533 | $1,963 |
| Those costs as a share of the owners' income | 14.8% | 18.7% | 21.0% |
| Median rent | $694 | $972 | $1,413 |
| Rent as a share of renters' income | 17.9% | 27.4% | 30.6% |
| Median year homes were built | 1955 | 1972 | 1980 |
| Vacant homes | 14.9% | 8.5% | 10.1% |
| Population | 1,967 | 3,210,507 | 334,922,499 |
What a typical home costs per month in Ida Grove
At this week's average 30-year rate of 7.11%, buying the median Ida Grove home of $94,900 with 20% down costs about $654 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $812, 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 $28,023 for the 20%-down payment. That payment is 13% of the median Ida Grove household income of $61,250; at that income and 20% down, the 28% guideline points to a home of about $207,000.
The median rent here is $694 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $18,980 |
|---|---|
| Loan amount | $75,920 |
| Principal and interest | $511 |
| Property taxes (1.31% a year) | $104 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| PMI | $0 |
| Total per month | $654 |
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| Down payment | $3,322 |
|---|---|
| Loan amount | $93,181 |
| Principal and interest | $627 |
| Property taxes (1.31% a year) | $104 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| FHA mortgage insurance | $42 |
| Total per month | $812 |
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Questions about home buying in Ida Grove
What is the median home value in Ida Grove?
About $94,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Ida Grove?
Homeowners pay a median $1,239 a year, which is about 1.31% 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 Ida Grove?
For the median home with 20% down at 7.11%, the payment is about $654 a month. Keeping that under 28% of gross income takes about $28,023 a year.
More about Ida Grove
- Mortgage Refinance in Ida Grove
- Debt Relief in Ida Grove
- Home Equity Loans in Ida Grove
- 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