The typical owner-occupied home in Earlham is worth about $267,600, 29% above the Iowa median of $208,000 and 20% below the national median of $332,700. Owners pay a median $3,313 a year in property taxes, about 1.24% of their home's value, lower than the Iowa rate of 1.39%. The median household earns $115,086 a year, so the median home costs 2.3 times the median income (2.8 times for Iowa). 78% of occupied homes here are lived in by their owners, and 71% of those owners still have a mortgage.
Earlham at a glance
| Earlham | Iowa | U.S. | |
|---|---|---|---|
| Median home value | $267,600 | $208,000 | $332,700 |
| Median property tax paid per year | $3,313 | $2,897 | $3,119 |
| Property tax as a share of value | 1.24% | 1.39% | 0.94% |
| Median household income | $115,086 | $75,059 | $80,734 |
| Homes lived in by their owners | 78% | 72% | 65% |
| Owner homes with a mortgage | 71% | 59% | 61% |
| Median monthly costs, owners with a mortgage | $1,683 | $1,533 | $1,963 |
| Those costs as a share of the owners' income | 17.4% | 18.7% | 21.0% |
| Median rent | $770 | $972 | $1,413 |
| Rent as a share of renters' income | 22.1% | 27.4% | 30.6% |
| Median year homes were built | 1976 | 1972 | 1980 |
| Vacant homes | 5.0% | 8.5% | 10.1% |
| Population | 1,528 | 3,210,507 | 334,922,499 |
What a typical home costs per month in Earlham
At this week's average 30-year rate of 7.11%, buying the median Earlham home of $267,600 with 20% down costs about $1,828 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,274, 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 $78,349 for the 20%-down payment. That payment is 19% of the median Earlham household income of $115,086; at that income and 20% down, the 28% guideline points to a home of about $393,000.
The median rent here is $770 a month, so owning the median home costs about $1,058 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $53,520 |
|---|---|
| Loan amount | $214,080 |
| Principal and interest | $1,440 |
| Property taxes (1.24% a year) | $277 |
| Homeowners insurance (our estimate, 0.5% a year) | $112 |
| PMI | $0 |
| Total per month | $1,828 |
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| Down payment | $9,366 |
|---|---|
| Loan amount | $262,753 |
| Principal and interest | $1,768 |
| Property taxes (1.24% a year) | $277 |
| Homeowners insurance (our estimate, 0.5% a year) | $112 |
| FHA mortgage insurance | $118 |
| Total per month | $2,274 |
Change the numbers in the calculator
Questions about home buying in Earlham
What is the median home value in Earlham?
About $267,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Earlham?
Homeowners pay a median $3,313 a year, which is about 1.24% 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 Earlham?
For the median home with 20% down at 7.11%, the payment is about $1,828 a month. Keeping that under 28% of gross income takes about $78,349 a year.
More about Earlham
- Mortgage Refinance in Earlham
- Debt Relief in Earlham
- Home Equity Loans in Earlham
- 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