The typical owner-occupied home in Ledyard is worth about $28,800, 86% below the Iowa median of $208,000 and 91% below the national median of $332,700. Owners pay a median $325 a year in property taxes, about 1.13% of their home's value, lower than the Iowa rate of 1.39%. The median household earns $33,750 a year, so the median home costs 0.9 times the median income (2.8 times for Iowa). 89% of occupied homes here are lived in by their owners, and 12% of those owners still have a mortgage.
Ledyard at a glance
| Ledyard | Iowa | U.S. | |
|---|---|---|---|
| Median home value | $28,800 | $208,000 | $332,700 |
| Median property tax paid per year | $325 | $2,897 | $3,119 |
| Property tax as a share of value | 1.13% | 1.39% | 0.94% |
| Median household income | $33,750 | $75,059 | $80,734 |
| Homes lived in by their owners | 89% | 72% | 65% |
| Owner homes with a mortgage | 12% | 59% | 61% |
| Median monthly costs, owners with a mortgage | $575 | $1,533 | $1,963 |
| Those costs as a share of the owners' income | 21.3% | 18.7% | 21.0% |
| Median rent | $413 | $972 | $1,413 |
| Rent as a share of renters' income | 22.5% | 27.4% | 30.6% |
| Median year homes were built | 1938 | 1972 | 1980 |
| Vacant homes | 20.7% | 8.5% | 10.1% |
| Population | 112 | 3,210,507 | 334,922,499 |
What a typical home costs per month in Ledyard
At this week's average 30-year rate of 7.11%, buying the median Ledyard home of $28,800 with 20% down costs about $194 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $242, 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 $8,319 for the 20%-down payment. That payment is 7% of the median Ledyard household income of $33,750; at that income and 20% down, the 28% guideline points to a home of about $117,000.
The median rent here is $413 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $5,760 |
|---|---|
| Loan amount | $23,040 |
| Principal and interest | $155 |
| Property taxes (1.13% a year) | $27 |
| Homeowners insurance (our estimate, 0.5% a year) | $12 |
| PMI | $0 |
| Total per month | $194 |
Change the numbers in the calculator
| Down payment | $1,008 |
|---|---|
| Loan amount | $28,278 |
| Principal and interest | $190 |
| Property taxes (1.13% a year) | $27 |
| Homeowners insurance (our estimate, 0.5% a year) | $12 |
| FHA mortgage insurance | $13 |
| Total per month | $242 |
Change the numbers in the calculator
Questions about home buying in Ledyard
What is the median home value in Ledyard?
About $28,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Ledyard?
Homeowners pay a median $325 a year, which is about 1.13% 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 Ledyard?
For the median home with 20% down at 7.11%, the payment is about $194 a month. Keeping that under 28% of gross income takes about $8,319 a year.
More about Ledyard
- Mortgage Refinance in Ledyard
- Debt Relief in Ledyard
- Home Equity Loans in Ledyard
- 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