The typical owner-occupied home in Columbus Junction is worth about $125,800, 40% below the Iowa median of $208,000 and 62% below the national median of $332,700. Owners pay a median $1,642 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 $63,828 a year, so the median home costs 2.0 times the median income (2.8 times for Iowa). 76% of occupied homes here are lived in by their owners, and 50% of those owners still have a mortgage.
Columbus Junction at a glance
| Columbus Junction | Iowa | U.S. | |
|---|---|---|---|
| Median home value | $125,800 | $208,000 | $332,700 |
| Median property tax paid per year | $1,642 | $2,897 | $3,119 |
| Property tax as a share of value | 1.31% | 1.39% | 0.94% |
| Median household income | $63,828 | $75,059 | $80,734 |
| Homes lived in by their owners | 76% | 72% | 65% |
| Owner homes with a mortgage | 50% | 59% | 61% |
| Median monthly costs, owners with a mortgage | $1,317 | $1,533 | $1,963 |
| Those costs as a share of the owners' income | 20.3% | 18.7% | 21.0% |
| Median rent | $623 | $972 | $1,413 |
| Rent as a share of renters' income | 21.2% | 27.4% | 30.6% |
| Median year homes were built | 1968 | 1972 | 1980 |
| Vacant homes | 8.3% | 8.5% | 10.1% |
| Population | 2,110 | 3,210,507 | 334,922,499 |
What a typical home costs per month in Columbus Junction
At this week's average 30-year rate of 7.11%, buying the median Columbus Junction home of $125,800 with 20% down costs about $867 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,076, 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 $37,147 for the 20%-down payment. That payment is 16% of the median Columbus Junction household income of $63,828; at that income and 20% down, the 28% guideline points to a home of about $216,000.
The median rent here is $623 a month, so owning the median home costs about $244 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $25,160 |
|---|---|
| Loan amount | $100,640 |
| Principal and interest | $677 |
| Property taxes (1.31% a year) | $137 |
| Homeowners insurance (our estimate, 0.5% a year) | $52 |
| PMI | $0 |
| Total per month | $867 |
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| Down payment | $4,403 |
|---|---|
| Loan amount | $123,521 |
| Principal and interest | $831 |
| Property taxes (1.31% a year) | $137 |
| Homeowners insurance (our estimate, 0.5% a year) | $52 |
| FHA mortgage insurance | $56 |
| Total per month | $1,076 |
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Questions about home buying in Columbus Junction
What is the median home value in Columbus Junction?
About $125,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Columbus Junction?
Homeowners pay a median $1,642 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 Columbus Junction?
For the median home with 20% down at 7.11%, the payment is about $867 a month. Keeping that under 28% of gross income takes about $37,147 a year.
More about Columbus Junction
- Mortgage Refinance in Columbus Junction
- Debt Relief in Columbus Junction
- Home Equity Loans in Columbus Junction
- 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