The typical owner-occupied home in Alvord is worth about $93,000, 55% below the Iowa median of $208,000 and 72% below the national median of $332,700. Owners pay a median $792 a year in property taxes, about 0.85% of their home's value, lower than the Iowa rate of 1.39%. The median household earns $73,594 a year, so the median home costs 1.3 times the median income (2.8 times for Iowa). 97% of occupied homes here are lived in by their owners, and 57% of those owners still have a mortgage.
Alvord at a glance
| Alvord | Iowa | U.S. | |
|---|---|---|---|
| Median home value | $93,000 | $208,000 | $332,700 |
| Median property tax paid per year | $792 | $2,897 | $3,119 |
| Property tax as a share of value | 0.85% | 1.39% | 0.94% |
| Median household income | $73,594 | $75,059 | $80,734 |
| Homes lived in by their owners | 97% | 72% | 65% |
| Owner homes with a mortgage | 57% | 59% | 61% |
| Median monthly costs, owners with a mortgage | $964 | $1,533 | $1,963 |
| Those costs as a share of the owners' income | 16.4% | 18.7% | 21.0% |
| Median rent | – | $972 | $1,413 |
| Median year homes were built | 1942 | 1972 | 1980 |
| Vacant homes | 24.7% | 8.5% | 10.1% |
| Population | 173 | 3,210,507 | 334,922,499 |
What a typical home costs per month in Alvord
At this week's average 30-year rate of 7.11%, buying the median Alvord home of $93,000 with 20% down costs about $605 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $760, 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 $25,934 for the 20%-down payment. That payment is 10% of the median Alvord household income of $73,594; at that income and 20% down, the 28% guideline points to a home of about $264,000.
| Down payment | $18,600 |
|---|---|
| Loan amount | $74,400 |
| Principal and interest | $500 |
| Property taxes (0.85% a year) | $66 |
| Homeowners insurance (our estimate, 0.5% a year) | $39 |
| PMI | $0 |
| Total per month | $605 |
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| Down payment | $3,255 |
|---|---|
| Loan amount | $91,316 |
| Principal and interest | $614 |
| Property taxes (0.85% a year) | $66 |
| Homeowners insurance (our estimate, 0.5% a year) | $39 |
| FHA mortgage insurance | $41 |
| Total per month | $760 |
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Questions about home buying in Alvord
What is the median home value in Alvord?
About $93,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Alvord?
Homeowners pay a median $792 a year, which is about 0.85% 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 Alvord?
For the median home with 20% down at 7.11%, the payment is about $605 a month. Keeping that under 28% of gross income takes about $25,934 a year.
More about Alvord
- Mortgage Refinance in Alvord
- Debt Relief in Alvord
- Home Equity Loans in Alvord
- 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